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Monday, January 27, 2014

Turkey's Bank Asya to raise capital, sell retailer stake | Reuters

Turkey's Bank Asya to raise capital, sell retailer stake

ISTANBUL Mon Jan 27, 2014 1:19am EST

Jan 27 (Reuters) - Turkish Islamic lender Bank Asya said it had decided to make a cash capital increase of 33 percent to 1.2 billion lira ($515 million) and was selling an 18 percent stake in retailer Yeni Magazacilik (A101) for 298 million lira.

More:Turkey's Bank Asya to raise capital, sell retailer stake | Reuters