Teknosa to sell shares

Turkish electronics retail firm Teknosa has experienced its lowest close in a week after an investor revealed that he was about to sell 1.82 million shares.

Teknosa to sell shares

World Bulletin / News Desk

Turkish electronics retail firm Teknosa has experienced its lowest close in a week after an investor revealed that he was about to sell 1.82 million shares. This would raise the firm’s equity available for trading by a fifth.

According to Bloomberg, more than 150,000 shares changed hands since 1 October, which is 87% of the three-month daily average.

Yesterday, investor Demir Sabanci said that he was planning to sell his shares. This would make almost 10% of the company’s 110 million shares available for trading.

Teknosa’s shares have seen a 57% growth so far this year, a 5.1% decline in the benchmark index.

Last Mod: 10 Ekim 2013, 13:45
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