Turkish electronics firm ASELSAN announced on 26 December that the company’s board had agreed to launch a secondary share offering.
In a filing to the Turkish stock exchange, the company announced that the board has given the company’s general management authorisation to “initiate the activities” regarding a secondary public offering of company shares.
Further details of the share offering were not disclosed.
ASELSAN first launched onto the Turkish stock exchange through an initial public offering (IPO) in 1990. The Turkish Armed Forces Foundation currently owns 84.58%, with 15.3% of the company freely floated through Istanbul’s BIST stock exchange.