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Can Turkey’s IPOs buck the sour market?

Turkish gold miner Koza Altin is going ahead with its IPO but is awaiting the right market conditions. Exactly when conditions will be right for Koza, managed by UBS and Merrill Lynch, remains the question. So far, the Istanbul stockmarket index has lost 24% this year. But government officials said an international roadshow for the IPO of a 15% stake in landline operator Türk Telekom will be held at the end of April. Read EuroWeek on Friday for a full analysis.

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