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Istanbul Exchange may be partially privatized by foreign investors

Business Materials 20 November 2012 18:27 (UTC +04:00)

Azerbaijan, Baku, Nov. 20 / Trend A. Taghiyeva /

Some part of single Istanbul Exchange can be privatized by foreign companies. The project of its creation is being considered by the Turkish Parliament, the Istanbul Stock Exchange's report said today.

According to a report, as a result of merging the stock and the gold exchanges, the potential of the Istanbul Stock Exchange will be increased up to 32 deals per second, whereas today the opportunities of the Istanbul Stock Exchange allows to conclude 24 deals per second.

Around 49 percent share in the Istanbul Stock Exchange will be owned by the Turkish Treasury, 5 percent - Futures and Options Exchange, the rest shares are free.

Earlier, a decision was made to create a single Istanbul Exchange on the basis of Istanbul Stock Exchange and Gold Exchange.

The bill on the establishment of the Istanbul Stock Exchange has been approved by the Budget and Planning Committee of the Turkish Parliament. The Parliament also must approve the bill.

All functions of the Istanbul Stock Exchange and Gold Exchange will be transferred to the new exchange, and members of these exchanges will operate within a single Istanbul Exchange.

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