August 22 (SeeNews) - Turkish diversified group Akfen [BIST:AKFEN] intends to launch initial public offerings (IPO) of its units Istanbul Deniz Otobusleri (IDO) and Mersin International Port, Akfen's CEO Suha Gucsav said in a TV programme of broadcaster CNBC-e.
Akfen plans to make the IPO of sea transportation provider IDO in 2014-2015, while the public offering of Mersin International Port shares may be considered if the Mersin Port operator's other shareholder approves the move, Gucsav said on Tuesday. Mersin International Port is a joint venture between Akfen and the Port of Singapore Authority.
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The IPOs will raise Akfen's value, Gucsav said. The number of passengers served by IDO increased year-on-year in the first half of 2013. Akfen seeks government approval to make $125 million (94 million euro) in investments in the Mersin Port, located on Turkey's southern Mediterranean coast, he added.
Gucsav said also that Akfen was interested in the privatisation of gas distributor IGDAS and would asses power production tenders, while it would not take part in the privatisation tender for the National Lottery.
($ = 0.750 euro)