Turkish spirits group Mey Içki has filed a formal application for a listing on Turkey's stock exchange.

Mey Içki's US-based owner, private equity group TPG Capital, confirmed to just-drinks that the application for a 25% listing on the Istanbul stock exchange was filed yesterday (9 February). The group declined to comment further.

Mey Içki has been preparing an initial public offering since last year. In December, Diageo was reported to be in talks with TPG Capital over a potential US$2.5bn buyout of the Turkish spirits group. Both sides have, however, declined to comment on the speculation.

As of 2008, Mey Içki had 130m litres of alcoholic drinks production capacity and around 100 products in its portfolio in nine different categories.