Citi, JPMorgan Said Competing for Istanbul Gas IPO MandateBy
City of Istanbul plans to decide on winning group soon
Istanbul plans to use proceeds for infrastructure projects
Citigroup Inc. and JPMorgan Chase & Co. are in competing groups bidding to manage an initial public offering of as much as 51 percent of the gas-grid operator for Istanbul, Turkey’s largest metropolitan area, three people with knowledge of the matter said.
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