Turkey’s Yildiz Holding Says No Plan to Sell After Sale Registry

Turkey’s Yildiz Holding said it had no plans to sell its affiliated companies after registering more than 200 million shares of various companies for sale with the exchange yesterday.

“There is no decision to sell any of the Yildiz Holding affiliates or public companies,” Yildiz said in an e-mailed statement sent after the markets closed yesterday. The shares were registered for sale as a “procedural decision,” according to the statement.

Yildiz Holding, owner of the Godiva chocolates brand, registered more than 110 million shares of Ulker Biskuvi Sanayi AS (ULKER), a sweets maker, 28.4 million shares of financial services company Gozde Finansal Hizmetler AS (GOZFN), and other companies for sale yesterday.

Ulker shares dropped 20 kurus, or 3.5 percent, to 5.48 liras and Gozde plunged 36 kurus, or 7.1 percent, to 4.74 liras after the registry was announced in a statement to the exchange yesterday.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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