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Turkey sells 10% of Borsa Istanbul shares to Qatar

FILE PHOTO: The logo of the Borsa Istanbul is pictured in Istanbul, Turkey October 13, 2017. REUTERS/Murad Sezer

ISTANBUL (Reuters) - The Turkey Wealth Fund (TWF) said on Monday it had sold 10% of shares in Borsa Istanbul to the Qatar Investment Authority for $200 million, finalising a deal signed last week.

TWF said in a statement that it will still retain 80.6% of shares in Borsa Istanbul. The transaction implies a total equity value of $2 billion for Borsa Istanbul, it said.

Reporting by Ali Kucukgocmen; editing by Jonathan Oatis

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