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Wednesday, July 07, 2010

Turkey’s Richest Man Gets $311 Million for M&S, Wind (Update1) - BusinessWeek

"Turkey’s Richest Man Gets $311 Million for M&S, Wind (Update1)
July 07, 2010, 8:07 AM EDT

By Ercan Ersoy and Benjamin Harvey

July 7 (Bloomberg) -- Husnu Ozyegin, Turkey’s richest man, will use the 485 million liras ($311 million) he’ll earn from selling insurer Fiba to grow his Marks & Spencer and GAP franchises in Turkey and Russia, and invest in wind power."

More:Turkey’s Richest Man Gets $311 Million for M&S, Wind (Update1) - BusinessWeek