Turkey Wealth Fund Seeks Loan to Buyout Türk Telekom
Posted on 03/10/2022
Turkey Wealth Fund (TWF) plans to borrow US$ 1.6 billion from a cadre of banks to finance the buyout of Türk Telekom. LYY Telekomünikasyon Inc. represents the banks holding the 55% stake. Akbank, Garanti and Iş Bank are the biggest shareholders in LYY Telekomünikasyon. Turkey’s Treasury and Finance Ministry owns 25% of Türk Telekom, including…
