Plastikkart Jumps in Istanbul After Starting Gemalto Talks

Plastikkart Akilli Kart Iletisim Sistemleri Sanayi & Ticaret AS (PKART), a Turkish maker of smart cards, climbed in Istanbul after starting talks with Amsterdam-based Gemalto NV on a possible share sale.

Plastikkart rose 3.3 percent to 2.85 liras by the close of trading after jumping as much as 8.3 percent. The company will hold talks with Gemalto on a possible share sale and commercial partnership, it said in a statement to the Istanbul Stock Exchange today.

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

To contact the editor responsible for this story: Benjamin Harvey at bharvey11@bloomberg.net

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