BusinessPhoto: Mint MarketsFrozen Turkish Funds Sell $254 Million in Blue-Chip Shares Off-Market
Turkish banks TC Ziraat Bankasi AS and Turkiye Is Bankasi AS sold $254 million worth of blue-chip shares held by frozen funds off-market on November 3. The sale, conducted through an off-exchange placement to investment and pension funds, aims to reduce uncertainty and pressure on Turkey's main stock indexes. This is part of liquidating 131 funds managed by seven asset managers following a financial crisis.
Mint Markets·


