Friday, May 25, 2012

Akbank shares drop sharply after Citigroup sells stake | Reuters

Akbank shares drop sharply after Citigroup sells stake

ISTANBUL | Fri May 25, 2012 4:35am EDT

(Reuters) - Shares in major Turkish lender Akbank (AKBNK.IS) dropped sharply on Friday after Citigroup (C.N) said it had completed the sale of a 10.1 percent stake in Akbank at 5.24 lira per share, a level which analysts said offered good value.

More:Akbank shares drop sharply after Citigroup sells stake | Reuters