"Citigroup buys stake in Turkey’s Akbank
By Vincent Boland in Ankara and David Wighton in New York
Published: October 17 2006 17:09 | Last updated: October 18 2006 00:19
Citigroup is to pay $3.1bn for a 20 per cent stake in Akbank, Turkey’s largest privately-owned bank, in the company’s biggest acquisition in four years.
The purchase is the latest in a string of foreign investments in Turkey’s fast-growing banking sector."
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