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Turkey's Yildiz to sell 10 percent of Ulker in block sale
August 7, 2013 / 8:01 AM / in 4 years

Turkey's Yildiz to sell 10 percent of Ulker in block sale

ISTANBUL, Aug 7 (Reuters) - Turkey’s Yildiz Holding said on Wednesday it would sell a 10 percent stake in foodmaker Ulker in a block sale within six months.

In a filing to the Istanbul stock exchange, Yildiz said it had mandated Unlu Securities on the sale after requests from foreign investors and to deepen Ulker’s market.

Shares in Ulker fell 2.3 percent after Yildiz made the statement. (Reporting by Ayla Jean Yackley)

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