August 24, 2012
Turkish airports operator TAV Holding said it had started talks about buying the remaining 35 percent of its Havas ground handling services unit which it does not already own.
TAV said in a statement to the Istanbul stock exchange that it had begun talks with partners HSBC Holdings and Turkey's Is Girisim Sermayesi Yatirim Ortakligi, which between them own 35 percent of Havas.
TAV Holding, part of TAV Group, operates 10 airports including in Tunisia, Macedonia and Georgia, as well as Turkey's biggest airport Istanbul Ataturk.
TAV Holding's chief executive told reporters a year ago that HSBC Holdings and Is private equity firm would probably exit Havas. He said at the time that TAV planned an initial public offering (IPO) for the unit.
