Tags: Turkey
Allianz SE Buys Out Largest Insurer in Turkey
Allianz SE has acquired the largest insurer in Turkey for US$879 million. Europe's largest insurer Allianz SE has acquired Yapi Kredi Sigorta AS for the amount of Eur684 million or US$879 million.
Commercial Bank of Qatar Buys Majority in Alternatifbank
CBQ purchases majority stake in Turkish lender Alternatifbank. In a move showing Gulf interests expanding overseas, the Commercial Bank of Qatar has purchased 70.
Viko Hires Credit Suisse for Sale
Viko contemplates sale and hires Credit Suisse for assistance. Viko, the family owned electric appliances manufacturer from Turkey, has hired Credit Suisse to sell the company for a price tag between US$500 million to US$1 billion.
Turkey Highway Privatization Cancelled
Turkish Prime Minister pulls plug on highway privatization deal. In a news conference, the Turkish Minister of Finance Mehmet Simsek announced that the government is cancelling the US$5.
