Baku, Azerbaijan, Mar.4
By Rufiz Hafizoglu - Trend:
The Istanbul Stock Exchange has been put on a partial privatization, the Turkish newspaper Milliyet said Mar.3.
Some 42.75 percent of the Istanbul Stock Exchange is expected to be privatized in 2016, according to the newspaper.
The report also said that a tender for the privatization will begin March 6, 2015.
Earlier, the Chairman of the Board of Directors of the Istanbul Stock Exchange Ibrahim Turhan said that the Istanbul Stock Exchange will put a part of its own shares on the privatization.
He went on to add that the process of privatization had to begin in 2014 and finish by 2015.
The Istanbul Exchange, which brings together the Istanbul Stock Exchange and the Gold Exchange, started operating on April 5, 2013.
The initial capital of the Istanbul Stock Exchange is 423 million Turkish liras. Since the end of the second quarter of 2013, the stock exchange started to conduct index operations, and by the end of 2015 - currency transactions.
The official exchange rate for March 3 is 2.5165 TRY / USD.
Earlier it was reported that 49 percent of participation in the Istanbul Stock Exchange will be owned by the Turkish Treasury, 5 percent - Futures and Options Exchange, the rest of the shares is in free float.
edited by CN
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