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Turkey's banking watchdog approves sale of Tekstilbank to ICBC

Istanbul, April 3 () - Turkey's banking watchdog approves sale of Tekstilbank to Industrial and Commercial Bank of China Limited (ICBC), GSD Holding said. "Banking Regulation And Supervision Agency approved the sale of 75.5 percent stake we own in...

Turkey's banking watchdog approves sale of Tekstilbank to ICBC

Istanbul, April 3 () - Turkey's banking watchdog approves sale of Tekstilbank to Industrial and Commercial Bank of China Limited (ICBC), GSD Holding said. "Banking Regulation And Supervision Agency approved the sale of 75.5 percent stake we own in...

03 Nisan 2015 Cuma 08:17
Turkey's banking watchdog approves sale of Tekstilbank to ICBC
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Istanbul, April 3 () - Turkey's banking watchdog approves sale of Tekstilbank to Industrial and Commercial Bank of China Limited (ICBC), GSD Holding said.

"Banking Regulation And Supervision Agency approved the sale of 75.5 percent stake we own in Tekstil Bankası, to Industrial and Commercial Bank of China Limited (ICBC)" GSD Holding said in the statement sent to the Public Disclosure Platform.

The sale prosedure would be completed on April 29, GSD Holding added. GSD Holding, had previously signed an agreement with ICBC, one of four biggest banks in China, to sell its 75.5 stake in Tekstilbank for 669 million lira.

 

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