September 5, 2017 / 10:21 AM / a year ago

Turkey's Kibar aiming for third model at Hyundai Assan factory, chairman says

ISTANBUL, Sept 5 (Reuters) - Turkish conglomerate Kibar Holding has plans to produce a third vehicle model at its Hyundai Assan factory in northwest Turkey, although the decision has not yet been finalised, chairman Ali Kibar told Reuters on Tuesday.

He also said in an interview that Kibar Holding may hold initial public offerings for one or two of its group firms, but only if the proceeds can be used to buy a company active on a global scale.

Kibar’s energy unit was in talks on increasing the volume of its natural gas import licence, which currently amounts to one billion cubic metres annually, he added. (Reporting by Can Sezer; Writing by Daren Butler; Editing by David Dolan)

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