December 4, 2019 / 4:31 AM / 6 days ago

Turkey transfers Vakifbank shares held by state directorate to Treasury

ISTANBUL, Dec 4 (Reuters) - The Turkish presidency has issued a decision transferring A and B group shares in the state-owned Vakifbank held by the state’s General Directorate of Foundations to the Turkish Treasury, the country’s Official Gazette said on Wednesday.

The Gazette had previously said in a decree in December 2017 that the Treasury would take over the directorate’s 58.45 percent stake in the bank.

Reporting by Can Sezer; Editing by Daren Butler

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