Interest In Selcuk Ecza Surges

Turkish drug distributor Selcuk Ecza has seen demand for shares soar after its US$180mn offering for a 20% stake in the company. According to reports, the IPO was 9.65 times oversubscribed. The company is one of the leading drugmakers in Turkey with an estimated market share of 35% and distributes to 19,000 pharmacies. In 2005, sales increased 44% to US$2.05bn with net profit up 94% to

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