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Ebru Tuncay

CEO sets Turkey's wealth fund on foreign growth path

Oct 08 2020

ISTANBUL Turkey's sovereign investment company aims to generate some $10 billion in funds annually in coming years, initially for investment in domestic petrochemical, mining and insurance industries before looking abroad, its CEO Zafer Sonmez told Reuters.

Turkey's wealth fund focused on petrochemicals, mining, CEO says

Oct 08 2020

ISTANBUL, Oct 8 Turkey's $240-billion sovereign investment company is focused on domestic petrochemical, mining and insurance investments to bolster the economy in the next few years before turning its attention abroad, its CEO Zafer Sonmez told Reuters.

Exclusive: Turkey's wealth fund in talks over urgent support for hard-hit Turkish Airlines - sources

Oct 02 2020

ISTANBUL Turkey's wealth fund is in talks to provide emergency funding to flag carrier Turkish Airlines , one of the country's hardest-hit companies when the coronavirus pandemic halted nearly all flights, four sources told Reuters.

EXCLUSIVE-Turkey's wealth fund in talks over urgent support for hard-hit Turkish Airlines -sources

Oct 02 2020

* Carrier's shares rebound 2.5% after dismal year (Adds source, CEO comments, background)

EXCLUSIVE-Turkey's Wealth Fund in talks to support hard-hit Turkish Airlines -sources

Oct 02 2020

ISTANBUL, Oct 2 Turkey's Wealth Fund is in talks to provide emergency funding to flag carrier Turkish Airlines , one of the country's hardest-hit companies when the coronavirus pandemic halted nearly all flights, four sources told Reuters.

Turkey mega hospital builders agree 1.1 billion euro loan restructuring - sources

Sep 29 2020

ISTANBUL The two companies building the stalled Etlik mega hospital in Ankara agreed to one of Turkey's largest loan restructurings earlier this month, according to two sources, one of whom said the deal was was worth 1.1 billion euros ($1.3 billion).

Turkish fintech firm Papara seeks minority stake sale - sources

Sep 21 2020

ISTANBUL Turkish payment systems firm Papara has mandated Raiffeisen Bank to arrange a minority stake sale, according to four sources with direct knowledge of the agreement, with two saying offers worth at least $250 million had been received.

Exclusive: Turkish companies seek fresh debt restructuring as virus hits - sources

Sep 15 2020

ISTANBUL Debt-laden Turkish companies are seeking more time to repay bank loans after the coronavirus pandemic upended plans to sell assets, according to four sources with direct knowledge of the matter.

UPDATE 3-Turkey mounts new defence of lira as locals snap up dollars

Aug 07 2020

* Locals' forex holdings surge to $213 bln (Adds forex holdings, reserves, S&P, Erdogan)

Turkish bad loan plan raises concerns among some banks: sources

Jul 02 2020

ISTANBUL Some Turkish banks are concerned that a "bad bank" plan to house billions of dollars of non-performing loans could require them to book large losses, and they want foreign stakeholders involved, seven industry sources told Reuters.

World News