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Acibadem, Boyner, Metro Ticari: Turkey Equity Market Preview

The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.

Turkey’s benchmark ISE National 100 index (XU100) rose 599.94, or 1 percent, to 61,716.68 on June 17.

Acibadem Saglik Hizmetleri & Ticaret AS (ACIBD TI): The Turkish hospital chain’s owner Abraaj Capital Ltd. hired Goldman Sachs Group Inc. and Bank of America Merrill Lynch to find a buyer for the company or offer its shares on the market, two people with knowledge of the sale said after the market closed on June 17. Dubai-based Abraaj has a 46 percent stake in Almond Holding, which owns 92 percent of Acibadem, according to data on the Istanbul Stock Exchange’s website. Acibadem jumped 1.9 liras, or 9.3 percent, to 22.45 liras.

Boyner Buyuk Magazacilik (BOYNR) AS: The Istanbul-based department store chain may outbid private equity firms including Carlyle Group and Bridgepoint Capital Ltd. to buy a controlling stake in Turkish retailer YKM, Milliyet said on June 19, without saying where it got the information. Boyner Magazacilik fell 3 kurus, or 0.9 percent, to 3.47 liras.

Metro Ticari & Mali Yatirimlar Holding AS (METRO TI): The Turkish group with interests in meat production and transportation, plans to bid about $200 million in an auction expected later this year for Istanbul city’s bus terminal land in Bayrampasa district, Hurriyet reported, citing Necmi Hatipoglu, adviser to the Metro unit that built the terminal in 1994 and has the operating rights until 2019. Metro was unchanged at 1.01 liras.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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