Turkey's Yildiz Holding plans to shed 24.5% stake in REIT SAF

Yildiz Holding has mandated local brokerage Unlu Menkul Degerler for the sale of the stake in the next 12 months, it said in a bourse filing.

Yildiz Holding is the largest shareholder in SAF GYO. As much as 33% of the company’s stock is listed on Bursa Istanbul. The other shareholders include local companies Sinpas GYO, with a 6.93% stake, and Akis Gayrimenkul Yatirimi (6.56%), as well as individual shareholders with stakes ranging from 5.23% to 9.45%.

Yildiz Holding is mainly engaged in the production of food and beverages through its subsidiaries. The group is also active in finance, packaging, real estate, retail, information technologies and personal care products sectors.