Turkey Wealth Fund completed the acquisition of a 10% stake in Gunes Sigorta from Groupama.

Turkey Wealth Fund completed the acquisition of a 10% stake in Gunes Sigorta, a Turkish insurance company, from Groupama. The Turkey Wealth Fund said in a written statement that the move was within the scope of a consolidation project for public insurance companies which was announced on December 15. No further details were available.