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Islamic Finance Briefing - Categorized | Banking, Investment more

Kuwait’s Burgan buys stake in Turkish bank

Posted on 23 February 2012

Kuwait’s Burgan Bank has reached a deal to buy a 70 percent stake in Turkey’s Eurobank Tekfen, a partnership of Greece’s EFG Eurobank and Turkey’s Tekfen Holding, sources with knowledge of the deal said.
The stake sale comes as Greek banks, hit by the country’s sovereign debt crisis, look to boost their capital base to cope with a protracted recession and rise in non-performing loans………………………………………..Full Article: Source

 
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