Germany’s Gothaer Insurance Group is in talks to buy a majority stake in Turkish insurer Isik Sigorta from Bank Asya, four sources close to the process told Reuters, as it seeks to tap a potential growth market.
Turkey’s Bank Asya, which offers banking services that comply with Islamic law, holds a 65.42 percent stake in Isik Sigorta, according to the insurer’s website. Other shareholders may also sell their stakes, the sources said………………………………………..Full Article: Source