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Turkish Airlines, Halkbank stakes transferred to wealth fund - privatisation board
February 6, 2017 / 6:27 AM / in 8 months

Turkish Airlines, Halkbank stakes transferred to wealth fund - privatisation board

ISTANBUL, Feb 6 (Reuters) - Turkey has decided to transfer to its sovereign wealth fund a 49.12 percent stake in Turkish Airlines and a 51.11 percent stake in Halkbank , removing them from its sell-off programme, the privatisation administration said on Monday.

The country’s Official Gazette said on Sunday Turkey had transferred its stakes in Ziraat Bank, the Borsa Istanbul stock exchange and state-owned pipeline operator Botas, among others, to the new fund.

Reporting by Ceyda Caglayan; Writing by Daren Butler; Editing by Nick Tattersall

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