Hitit to IPO
Pegasus Airlines in Turkey have announced that they are exploring the opportunity to sell some or all of their stake in an initial public offering. Hitit have benefitted the most from SITA's exit from the PSS business in terms of number of new airline customers. T2RL's view is that Hitit is one of the key challengers to the market leaders, Amadeus and Sabre. An IPO will be likely to generate significant interest given Hitit's market position and potential. Hitit's performance during T2RL's RFP processes has been outstanding with a recent win at Royal Brunei.
Extracted from the Public Disclosure Platform. (KAP) Hitit Bilgisayar Hizmetleri, our associate company where we hold 50% stake, decided to explore opportunities for the initial public offering of its shares. The contemplated offering and the prospectus will be subject to the approval of the Capital Markets Board. Material Disclosure Announcement has been prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail. Source: https://www.kap.org.tr/en/Bildirim/945987