Turkish pension firm Avivasa opens up 3.2 pct in stock market debut

Agesa Hayat ve Emeklilik

13/11/2014 07:31

ISTANBUL, Nov 13 (Reuters) - Shares in Avivasa  AVISA.IS , 
the Turkish joint venture pension unit of British insurer Aviva 
Plc  AV.L  and Turkey's Sabanci Holding  SAHOL.IS , opened up 
3.2 percent at 48.5 lira in their stock market debut on 
Thursday. 
    Aviva and Sabanci completed the flotation of a 19.7 percent 
stake in Avivasa on Monday, valuing the firm at 1.68 billion 
lira ($746 million), in an offering that was almost three times 
oversubscribed.  ID:nL6N0T01M8  
     
 
 (Reporting by Can Sezer and Birsen Altayli; Writing by Nick 
Tattersall) 
 ((nicholas.tattersall@thomsonreuters.com; Reuters Messaging: 
nicholas.tattersall.thomsonreuters.com@reuters.net)) 
 
Keywords: AVIVASA