Reuters logo
Turkey's Mavi majority stake to be held by Akarlilar family after IPO- CEO
June 6, 2017 / 10:00 AM / 4 months ago

Turkey's Mavi majority stake to be held by Akarlilar family after IPO- CEO

ISTANBUL, June 6 (Reuters) - Turkish fashion retailer Mavi Giyim’s majority stake will be held by the founding Akarlilar family while Turkven will have a minority stake following the company’s public offering, chief executive Cuneyt Yavuz said on Tuesday.

Speaking in a conference call about the listing on the Istanbul stock exchange Yavuz said the company will set up a new management board, which will be chaired by Ersin Akarlilar.

The company aims to distribute a 30 percent dividend each year, he added. (Reporting by Can Sezer; Writing by Ezgi Erkoyun; Editing by Daren Butler)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below