Turkey Said to Drop Isbank Takeover From Agenda Until Ballot
[Bloomberg]
Firat Kozok
BloombergFebruary 6, 2019
(Bloomberg) -- Turkey isn’t rushing plans to seize the main opposition party’s stake in the nation’s largest listed lender, Turkiye Is Bankasi AS.
A legislative change allowing the Treasury to take over the CHP’s 28 percent holding in Isbank isn’t currently on the list of bills the ruling party expects to present to parliament before municipal elections in March, according to a senior official with direct knowledge of the matter.
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