Turkey's Sok Seeks To Calm Investors After Godiva-Owner Deal Hits Shares
Turkish grocer Sok Marketler has been calling investors spooked by its deal to buy shares at a premium from its controlling shareholder, just weeks after issuing them to shore up its listing, said a person familiar with the deal.
Sok shares have fallen by some 9% since it disclosed the buy-back from Yildiz Holding on Friday, and they were down 1.4%, at 8.76 lira, at 15.34 GMT on Tuesday.
IPO Price Slash
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