December 31, 2019 / 6:27 AM / 24 days ago

Turkish Wealth Fund buys EBRD's 10% stake in Istanbul bourse

ISTANBUL, Dec 31 (Reuters) - The Turkish Wealth Fund said on Tuesday it had bought the European Bank for Reconstruction and Development’s (EBRD) 10% stake in Borsa Istanbul, raising its stake in the stock exchange to 90.6%.

Sources had told Reuters in October that the EBRD would sell its 10% stake in the exchange after a former Halkbank executive who was jailed in the United States was named as the bourse’s CEO.

Reporting by Daren Butler; Editing by Ezgi Erkoyun

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below