"Rabobank say Turkish pension fund backs out of Sekerbank stake sale
02.16.2006, 05:59 AM
AMSTERDAM (AFX) - Rabobank said Turkish pension fund SPF has backed out of selling 36.5 pct of its shares in Turkey's Sekerbank to Rabobank.
This decision ensues from a ruling issued by a Turkish court that Rabobank should pay over 72 pct more for the shares in Sekerbank, or 141 mln eur compared to the original agreement signed in July last year. "
More:Rabobank say Turkish pension fund backs out of Sekerbank stake sale - Forbes.com
