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Turkey's Koc family members in deal to sell 4.22 pct stake in holding
May 25, 2017 / 6:05 AM / 4 months ago

Turkey's Koc family members in deal to sell 4.22 pct stake in holding

ISTANBUL, May 25 (Reuters) - Members of Turkey’s Koc family have reached an accelerated book building deal with Citigroup for the sale of a 4.22 percent stake in the Koc Holding conglomerate, a statement filed to the Istanbul stock exchange said on Thursday.

The stake corresponds to a nominal 107.0 million lira worth of shares, which will be available to foreign corporate investors via private placement. (Writing by Ezgi Erkoyun; Editing by Daren Butler)

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