The European Bank for Reconstruction and Development completed the acquisition of a 10% stake in Borsa Istanbul, a sole exchange entity of Turkey, from the Government of Turkey for $123m. “The region's most advanced exchange and most active international financial institution are cooperating to start an initiative that will shape the financial future of our region. The EBRD’s investment in Borsa İstanbul is an important call for international investors, demonstrating that Turkey and Borsa İstanbul are safe destinations for international investments. In the near future we will be working with the EBRD on many projects including investment and technical support for exchanges in the region as well as on Borsa İstanbul’s IPO,” Tuncay Dinc, Borsa İstanbul CEO.