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Wednesday, July 18, 2007

NCB pays $1bn for Turkiye Finans stake - Financial Times - MSNBC.com

"NCB pays $1bn for Turkiye Finans stake

By Vincent Boland in Ankara

Saudi National Commercial Bank is to pay just over $1bn to acquire a controlling stake in one of Turkey's leading Islamic-style banks, in the latest of a series of deals that has seen a flood of foreign direct investment into the Turkish banking sector."

More:NCB pays $1bn for Turkiye Finans stake - Financial Times - MSNBC.com