Caution over Turkish revival despite Yapi Kredi block
Investors warmly welcomed a TL2.6bn ($440m) block trade in Turkish bank Yapi Kredi on Wednesday night. But market participants are yet to be convinced that the country’s equity capital markets are fully reopened.
The seller was UniCredit, which was offloading an 11.9% stake in the company. The bank was left holding 31.9% of Yapi Kredi after the dissolution of its joint venture with Turkish conglomerate Koc Holding....
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org