July 5, 2018 / 2:18 PM / 11 days ago

Lenders will extend $3-4 bln for SPV to take over Turk Telekom stake - sources

ISTANBUL, July 5 (Reuters) - Creditor banks will extend a $3-4 billion loan to a special purpose vehicle that will be used to take over 55 percent of Turk Telekom, two sources close to the matter told Reuters.

The majority stake will be used as colateral for the new loan, the sources said.

Reporting by Ebru Tuncay and Can Sezer Writing by Ezgi Erkoyun Editing by Dominic Evans

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