UPDATE 1-Turkey's Yildiz receives several bids for Ak Gida stake

April 10, 2015 10:47 AM

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ISTANBUL, April 10 (Reuters) - Yildiz Holding, Turkey's largest food group, has had several bids for a stake in its dairy business Ak Gida that could be worth some $950 million, but a stock market listing is still an option, sources familiar with the matter said.

In January, Yildiz said it had mandated HSBC and Turkish investment bank Unlu & Co to look into prospects for both an initial public offering and a strategic partnership. Last month, Ak Gida said it applied to the Capital Markets Board for an IPO of up to 45 percent of the firm.

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