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Wednesday, July 18, 2007

Fortis's Koen Sees Turkish Housing Boom; Buys Banks, Developers

"Fortis's Koen Sees Turkish Housing Boom; Buys Banks, Developers

By David Clarke and Ben Holland

July 18 (Bloomberg) -- Fortis Investments' Eli Koen, who oversees the world's largest stock fund focusing on Turkey, is buying banks as record economic growth and easier lending rules help fuel a home-mortgage boom."

More:Bloomberg.com: Europe