Yıldız Holding's Ak Gıda to be offered to public

One of the biggest companies of Yıldız Holding, Ak Gıda Sanayi ve Ticaret A.Ş. (Ak Gıda), the food manufacturer, has applied to the Capital Market Board to publicly offer its shares on March 12, 2015. The sales revenue of the Company in 2014 was around TL 2 million. The CEO of Yıldız Holding, Mehmet Tütünce noted that Ak Gıda's sales revenues have increased by 16.7 percent compared to 2013, and noted that the company currently has 4,000 tons of raw milk processing capacity with five production facilities. The company submitted the first statement to the Capital Market Board for the primary public offering of its shares and is planning to sell shares equaling 45 percent of its current capital. With regards to its milk processing capacity, Ak Gıda is the biggest milk producer in the milk and dairy products sector in Turkey.