Metro Holding Plans IPO For Tourism Unit

January 20, 2014

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Turkey's Metro Holding, which has interests in tourism and food production, said on Monday it plans to hold an initial public offering for its tourism unit.

The company said in a filing with the Istanbul stock exchange that the tourism unit, Metro Turizm, is valued at TRY874.6 million lira (USD$391.89 million). It didn't give further details.

Metro Turizm has a bus fleet carrying around 20 million passengers annually, according to its website.