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Coca-Cola Icecek has appointed Credit Suisse First Boston to co-ordinate its efforts for an initial public offering. The IPO plans follow two similar but failed attempts at a public float last year.

In a statement to the Turkish Stock Exchange, Anadolu Efes, which controls a 45.6% share of the Turkish Coke company said: "Coca Cola Icecek has appointed and given authority to Credit Suisse First Boston as global coordinator to begin preliminary work on a restructuring process including a probable initial public offering."

Coca-Cola Icecek postponed its last set of IPO plans in November 2004.

The company, which planned to float around a third of its stock, said that demand was not sufficient to ensure share price stability following the share sale.

It was the second time the company postponed its IPO, the first in June was due to weak market conditions.


Sectors: Soft drinks

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