Investors buy into Turkish Islamic bank
Article Abstract:
Ihlas Holding has sold a 10% stake at its Ihlas Finans Kurumu AS unit, an Islamic financing house, to New Frontier Emerging Opportunities Fund of the Bahamas, Quantum Emerging Growth Partners of George Soros and Turkish Growth Fund of Alliance Capital Management for $4.7 million. The sale agreement was pursued despite initiatives supported by the Turkish military calling for the curtailment of financial institutions that are based on religion. The three major foreign portfolio investors believe that their purchase of a stake at Ihlas Finans Kurumu provides excellent value for their investment.
Comment:
Sells 10% stake at Ihlas to New Frontier Emerging Opportunities Fund, Quantum Emerging Growth Partners & Turkish Growth Fund
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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ING management faces sweeping restructuring
Article Abstract:
ING Groep NV is planning to reorganize its operations in Europe, Asia, and America as part of its comprehensive management restructuring. The company will reorganize those regional operations into regional management centers.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Turkish businesswoman breaks social barriers
Article Abstract:
The article discusses the success of Guler Sabanci, the head of Turkish conglomerate Haci Omer Sabanci Holding SA, and how she is breaking social barriers in Turkey's male-dominated business world.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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