Turkey's Sisecam to hold off on glassware IPO

21 Aug, 2016

Turkey's Sisecam will hold off on plans to list its Pasabahce glassware business due to weak stock market conditions, its general manager told Reuters, adding that sales were hurt by last month's failed coup attempt. Sisecam, Europe's second-largest producer of the flat glass used in windows, car windscreens and ovens, is perhaps best known for its Pasabahce unit, which makes wine glasses, pitchers and decanters.

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