ittifak holding

Ittifak Holding expected to launch IPO this year. Chairman of Istanbul Stock Exchange, Huseyin Erkan, states that there might be one or two IPOs this year and one highly likely candidate to launch an IPO is Ittifak Holding. Erkan states that the holding company is carrying out the necessary procedures to get ready for the IPO and adds that if the applications for one or two IPOs are not received by the end of this year, these IPOs will definitely be launched in early-2010.