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The free float rate of 20.02 percent will be 24.02 percent when additional sales are included. The public offering price is at the level of TRY 27.50.
The company will spend 65-70 percent of its public offering revenues on investment expenditures, including renewable energy and value-added new products, and 30-35 percent on working capital to strengthen its financial structure, SteelOrbis understands.
Kocaer Çelik has three steel profile plants, one galvanizing plant and one steel service center facility.