(Corrects to show company is bidding for a factory owned by Sangalli, not Sangalli itself)
ISTANBUL, Aug 17 (Reuters) - Turkish glassmaker Sisecam expects to hit its year-end sales target, even though sales were shaken after last month’s failed coup attempt, General Manager Ahmet Kirman told Reuters in an interview.
However, market conditions do mean the company will shy away, for now, from a planned initial public offering (IPO) of its Pasabahce glassware unit, Kirman said.
“Both financial market conditions and the conditions of household glassware market do not make it a suitable time to hold an initial public offering for our glassware unit, Pasabahce,” he said in an interview late on Tuesday.
Kirman also said rival bidders have pulled out of the bidding process for a factory owned by Italian glassmaker Sangalli, and added that he expected the winner to be announced next month. (Reporting by Ceyda Caglayan; Writing by Ece Toksabay; Editing by David Dolan)