Discount retailer Sok is considering a flotation in Turkey which could happen early next year, per Reuters.
Gözde Girişim, the investment arm of food giant Yildiz, owns a 39% stake in the business, which has more than 4,500 stores. A Templeton Asset Management private equity vehicle also holds a share, while the remaining stake is reportedly owned by a Dutch investor group.
A flotation of the business would further underscore the ongoing revival of IPOs in Turkey, with stakes in both fashion company Mavi and Domino's Pizza franchisee DP Eurasia listed recently. Turkven Private Equity, which backed Mavi, is reportedly also considering an exit from hospital operator Medical Park, either as an IPO or a block sale.