Isbank might sell its shares in IDC
According to latest news in the market, Turkiye Isbankasi Inc., the largest shareholder of the Izmir-based IDC (Izmir Iron and Steel Factory)is planning to sell its stakes in the company.
The rumour among some
trading companies and producers is that, negotiations with certain foreign companies are being held for the transfer of the company shares. IDC has an annual 850'000 mt capacity meltshop and 750'000 mt capacity rolling mill, located in Aliaga region.
It is also stated that, Turkiye Isbankasi Inc. administration has a leading decision to divest all its industrial enterprises, provided that most convenient offers are secured. However, it is emphasized that IDC has no financial problems and Turkiye Isbankasi Inc. is by no means in a hurry for selling its company shares, as long as the most convenient offer is recieved.