Turkish grocery retailer Şok Marketler, backed by Turkey-based investment firm Gözde Girişim and Templeton Private Equity Partners, has floated on Borsa Istanbul at TRY 10.5 per share, raising TRY 2.3bn.
Deal ends a five-year stint under Foresight ownership, which first invested in 2013
Trevi appointed a chief restructuring officer in 2017 to negotiate a debt restructuring plan
AI business will look to expand beyond marketing and into robotics, healthcare and education
Company's founders and CEO Klaus Schmidt have retained a significant minority stake