Loading
12-Aug-2010 11:21 AM

TAV plans IPO for Havas in 2011

Turkey's TAV CEO, Sani Sener, stated the company plans to sell shares in ground-handling brand, Havas, in an IPO in 2011 (Bloomberg, 11-Augp-2010). Partners in the brand, including HSBC Holdings Plc (28.3%) and Is Girisim Sermayesi Yatirim Ortakligi AS (6.7%), have all agreed to sell some of their stake in the offering. North Hub Services, of which Havas has a 50% stake, plans to start services in Tallinn in Oct-2010, Stockholm and Vilnius in 2011 and Copenhagen in 2012. Havas agreed to purchase the stake in the company in Apr-2010 for EUR3.3 million.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More