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Accelerated book-building transactions in Turkey

June 2017

In Turkey accelerated book-building transactions (the "ABBs") are performed through block trades conducted via a private placement (domestic or overseas, on-exchange or over-the-counter), either through (i) the resale of existing shares of public companies to third parties through investment institutions acting as initial purchasers or (ii) the direct sale to third party buyers without the intervention of investment institutions.