Akol Law Advises on Kervan Gida IPO

Akol Law Advises on Kervan Gida IPO

Turkey
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Akol Law has advised Turkish candy producer Kervan Gida on the initial public offering of its shares and their listing on the Istanbul Stock Exchange. Akol Law also advised Oyak Yatirim, which acted as the broker on the deal. 

According to Akol Law, a total of 51.7 million shares were offered at a price of TL 9 per share, thus valued at TL 465.7 million. The firm reported that Norway’s Sovereign Wealth purchased 7.7% of the offered shares, worth TL 4 million. 

Akol Law’s team consisted of Partners Omer Gokhan Ozmen and Gunes Yalcin, Counsel Handan Bacioglu, Senior Associate Murat Ayyildiz, and Associates Gulmin Cosar and Duygu Sila Gul.