Turkey’s Bizim gets 2011 business going

06 Jan 2011

Bizim, a Turkish cash-and-carry retailer, was this week the first potential issuer to test the European IPO market in 2011 when it began pre-marketing a $200m Istanbul deal.

Bank of America Merrill Lynch is joint global co-ordinator and international bookrunner, Standard Unlu — Standard Bank’s Turkish subsidiary — is another JGC and a co-bookrunner, and Garanti is domestic co-ordinator and bookrunner. At least 20% will be sold domestically.

Yildiz Holding, the Turkish multinational food producer which owns ...

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