TFI TAB FOOD INVESTMENTS LAUNCHES INITIAL PUBLIC OFFERING

ISTANBUL, Turkey and NEW YORK, Jan 29 (Bernama-GLOBE NEWSWIRE) -- TFI Tab Food Investments (“TFI”) today announced that it has commenced an initial public offering of 22,000,000  American Depositary Shares (“ADSs”), with each ADS representing 12 ordinary shares, including 4,500,000 ADSs to be sold by the Company and 17,500,000 ADSs to be sold by certain existing shareholders. The underwriters will have an option to purchase up to an additional 3,300,000 ADSs from certain existing shareholders. The Company will use the net proceeds it receives to repay a portion of outstanding indebtedness and will not receive any proceeds from the ADSs sold by the selling shareholders. The price range for the initial public offering is currently estimated to be between $9.00 and $11.00 per share. The Company has applied to list its ADSs on the Nasdaq Global Select Market under the symbol “TFIG”.

Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC, are acting as bookrunning managers and representatives of the underwriters for the proposed offering. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as bookrunners for the proposed offering. Rabo Securities U.S.A., Inc. is acting as a co-manager for the proposed offering.

The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering of these securities may be obtained from:

Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: 1-800-221-1037 or by emailing newyork.prospectus@credit-suisse.com; or Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.

http://mrem.bernama.com/viewsm.php?idm=31049