Limak Yatırım, Which manages energy concerns, highways and airports, has applied to regulators to sell 30 percent of its shares in an initial public offering, or IPO, according to a press statement. The IPO is part of a company strategy to attain sustainable growth, the company said in its statement.

Limak Yatırım’s assets under management include 13 hydroelectric dams, four of which are in Georgia, two electricity distribution grids, whole sale electricity sales companies, a 40 percent share in istanbul Sabiha Gökçen International Airport, the İskenderun Port and the Pristina airport in Kosovo, whose transfer has not been completed yet.

Limak has applied to the İstanbul Stock Exchange for approval of the IPO. The ratio of the company’s publiclytraded portion will consist of 20 percent in a capital raise and 6.09 percent in a partnership sale, meaning 26.09 percent of the company will be open to investors. The company’s paid-in capital of nearly 458 million Turkish Liras will rise to 572.4 million liras after the IPO.