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Tuesday December 26, 10:04 PMTurkey's Ulker plans IPOs for units in 2007ISTANBUL, Dec 26 (Reuters) - Leading Turkish food company Ulker Group plans to list its Ulker Chocolate and Ideal Food units in 2007, a senior company executive said on Tuesday.The deals would join several other issues planned for next year. Airport operator TAV plans to list in early 2007, and Islamic banks Albaraka Turk and Turkiye Finans -- also part-owned by Ulker -- could hit the market too. "We are going to turn Ulker Chocolate into (a limited company) Ulker Chocolate A.S. and then in 2007 we plan an initial public offering," Metin Yurdagul, a board member and spokesman of Ulker Group, told Turkish television CNBC-e. He also said the group, whose products include cookies, crackers and Cola Turka, would post sales of around $7.5 billion this year, above a target of $6.6 billion, and said in 2007 the figure would rise 5 to 10 percent. Ulker Food , part of the same group, already lists on the stock market. |
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