Kılıç Deniz aquaculture firm wants to go public

ISTANBUL

Kılıç Deniz, a leading aquaculture firm, engages in fish farming and exports nearly 65 percent of its production to the EU, Russia, US and the Middle East.

Kılıç Deniz, a leading Turkish aquaculture firm, has filed with the Capital Markets Board and Istanbul Stock Exchange for a public offering of its 39.1 percent stake, the firm said yesterday in a press release.

The free floating shares rate may rise to 45 percent if a greenshoe option, a right to sell more shares than originally planned, is used. Kılıç Deniz hired İş Yatırım Menkul Değerler, a subsidiary of İşbank, to oversee the transaction and advise the firm.

NBK Capital, a subsidiary of the National Bank of Kuwait, is one of the partners in Kılıç Deniz.

The company exports nearly 65 percent of its production to the European Union, Russia, the U.S. and the Middle East, said Orhan Kılıç, chairman of the firm