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)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.