International Finance Corporation, a member of the World Bank Group, completed the acquisition of a $215m investment in Ronesans Holding, one of Turkey’s largest construction and infrastructure companies. “IFC is proud to take its cooperation with Rönesans Holding to the next level and acquire a stake in this strong and dynamic Turkish group with international and regional presence. As a shareholder IFC will assist Rönesans in expanding its operations in regions where investments are needed for development and job creation. We will also assist the company for a succesful future IPO,” Carsten Mueller, IFC Regional Industry Head of Manufacturing, Agribusiness and Services in the Europe, Middle East and North Africa.