Kilic Deniz, a Turkish seabass and seabream farmer, has filed with the Capital Markets Board and Istanbul Stock Exchange for a public offering of its 39.1 percent stake, the firm said Monday in a press release. 

The free floating shares rate may rise to 45 percent if a greenshoe option, a right to sell more shares than originally planned, is used. Kilic Deniz hired Is Yatirim Menkul Degerler, a subsidiary of Isbank, to oversee the transaction and advise the firm. 

NBK Capital, a subsidiary of the National Bank of Kuwait, is one of the partners in Kilic Deniz. 

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