March 26, 2020 / 10:07 AM / 14 days ago

Turkey Wealth Fund signs $5 bln MoU with China's Sinosure

ISTANBUL, March 26 (Reuters) - Turkey’s sovereign wealth fund said on Thursday it signed a memorandum of understanding with China’s Sinosure to provide insurance support up to $5 billion for financing activities.

In a statement, Turkey Wealth Fund said the deal will include Sinosure recommending Chinese enterprises as investors, and financial institutions for projects in energy, petrochemicals and mining sectors. (Writing by Ezgi Erkoyun; Editing by Jonathan Spicer)

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