The Istanbul Stock Exchange has been put out to partial privatization.
Some 42.75 percent of the Istanbul Stock Exchange is expected to be privatized in 2016, Trend reports with reference to the Turkish newspaper Milliyet.
A tender for the privatization began on March 6th 2015. Earlier, the Chairman of the Board of Directors of the Istanbul Stock Exchange, Ibrahim Turhan, said that the Istanbul Stock Exchange will put a part of its own shares up for privatization.
According to him, the process of privatization had to begin in 2014 and finish by 2015. The Istanbul Exchange, which brings together the Istanbul Stock Exchange and the Gold Exchange, started operating on April 5th 2013. The initial capital of the Istanbul Stock Exchange is 423 million Turkish liras. Since the end of the second quarter of 2013, the stock exchange started to conduct index operations, and by the end of 2015 - currency transactions.
Earlier it was reported that 49% of participation in the Istanbul Stock Exchange will be owned by the Turkish Treasury, 5% by the Futures and Options Exchange, the rest of the shares are freely floating.
