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New Deal


Announced

Turkish Wealth Fund to acquire a 10% stake in Borsa Istanbul from EBRD.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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stock exchange

Minority

Friendly

Acquisition

Private Equity

Pending

Single Bidder

Turkey

Financial Data and Systems

Private

Synopsis

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Turkish Wealth Fund, a sovereign wealth fund, agreed to acquire a 10% stake in Borsa Istanbul, the sole exchange entity of Turkey, from the European Bank for Reconstruction and Development. Financial terms were not disclosed. "The EBRD will continue to support an enabling environment for local currency-denominated financial products and the deepening of local capital markets," EBRD.

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