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Tuesday, March 10, 2009

GE Turkey chief plans to keep Garanti stake | Financial 24

"GE Turkey chief plans to keep Garanti stake

General Electric said on Tuesday it has no plans to sell its stake in Garanti Bank , Turkeys third-biggest lender, because it remains profitable.
GE also plans to keep its energy projects in Turkey, despite increased difficulty in obtaining financing, Kursat Ozkan, head of GEs Turkish unit, told reporters."

More:GE Turkey chief plans to keep Garanti stake | Financial 24