April 19, 2017 / 7:21 AM / 6 months ago

Istanbul Bourse head says in talks with Saudi IDB to sell stake

ISTANBUL, April 19 (Reuters) - The Saudi-based Islamic Development Bank (IDB) is in talks with Turkey’s Istanbul Bourse to buy a stake, the bourse chairman said on Wednesday, adding that they wanted to complete the negotiations by year-end.

Speaking to Reuters on the sidelines of a news conference, Himmet Karadag also said that once the talks with IDB are completed the Istanbul Bourse aimed to look into the possibility of an IPO. (Reporting by Can Sezer; Writing by Humeyra Pamuk; Editing by Daren Butler)

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