Turkish Stocks: Denizbank, Turk Telekom Active in Istanbul
By Benjamin Harvey - Feb 21, 2012 12:13 PM ET
Turkey’s benchmark ISE National 100 Index (XU100) fell 0.3 percent to 61,252.83 at the 5:30 p.m. close in Istanbul, paring four days of gains.
The following stocks were active. Stock symbols are in parentheses.
Denizbank AS (DENIZ) , Dexia SA (DEXB)’s unit in Turkey, advanced 1.6 percent to 13.05 liras, the highest level in almost two weeks. There is a “plan B” should a sale of the bank by Dexia fall through and it will increase profitability, chief executive Hakan Ates told reporters in Istanbul today. Qatar National Bank SAQ’s talks to acquire Denizbank are stalled over price and may collapse, people with knowledge of the process said on Feb. 18.
More:Turkish Stocks: Denizbank, Turk Telekom Active in Istanbul - Bloomberg
