"Harel buys insurance co in Turkey
The firm sees further investment in order to bring its new acquisition back to issuing policies.
Sharon Baider 24 Aug 08 16:51
Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) has acquired the controlling stake in Turkish insurance company Turk Nippon Sigorta AS for 3 million Turkish lira, or NIS 9 million. Turk Nippon has not issued any new policies in the past four years and is currently in run-off status."
More:Globes [online] - Israel business news - Harel buys insurance co in Turkey