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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Halkbank gains on report wealth fund is considering a bid

Posted on 28 May 2012

Turkiye Halk Bankasi AS, a state-run Turkish bank, rose after Vatan newspaper reported Mubadala Development Co. PJSC, a sovereign wealth fund of the Emirate of Abu Dhabi, is considering making a bid for the lender.
The shares gained 1.9 percent to 11 liras at 11:13 a.m. in Istanbul, outperforming the Turkish banking index, which declined 0.9 percent………………………………………..Full Article: Source

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