Leading industrial conglomerate Haci Omer Sabanci Holding is preparing to launch a number of share offerings on the Istanbul stock exchange.

The offerings will include:

15 per cent of Bossa, its textile subsidiary, expected to raise $50 million on conclusion in early July, says Sabanci's corporate planning and business development director Tufan Darbaz. Arranger for the international issue will be Lehman Brothers. Finansbank will lead the domestic offering, and the sales agent will be Global Securities, both local.

15 per cent of Sasa, a textile company, in September, which could raise $150 million, says Darbaz.

Sabanci postponed the offering last December due to adverse conditions in the domestic market. It is part of a structured, long-term programme of initial public offerings (IPOs) aiming to open up the group to objective valuation and greater transparency. The present tranche of four IPOs started in November with around 20 per cent valued at $23 million of insurance subsidiary Aksigorta.