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Wednesday, June 25, 2008

ING buys into Turkish pension market

"ING buys into Turkish pension market

Wednesday, 25 Jun 2008 12:17PM
Global Dutch financial institution ING Group purchased Turkey’s first and only voluntary pension fund, Oyak Emeklilik for $180 million to tap into the country’s pension market.

Previously owned by OYAK Group and established in 2003, Oyak Emeklilik has $244.6 million in assets under management and roughly 300,000 clients."
More:Financial Standard