Announced
Financials
Sources
Tags
Majority
Acquisition
credit rating institution
Pending
Turkey
Financial Data and Systems
Private
Friendly
Single Bidder
Private Equity
Synopsis
Turkey’s banks and financial institutions agreed to acquire 85.05% stake in JCR Eurasia, international credit rating institution. Financial terms were not disclosed. Borsa Istanbul will hold 18.5% of the company. Turkish private and state lenders, Ziraat Bank, GarantiBBVA and Yapi Kredi will also hold stakes. The Financial Institutions Association, Turkey’s Capital Markets Association and the Insurance and Reinsurance Union will each hold 6% of the company.
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