Friday 1 April 2011

BANKING - Turkish Bank Asya to sell some stake in Yeni Magazacilik

Bank Asya to sell some stake in Yeni Magazacilik (A101), hard discount retailer, to a minority investor. Bank Asya has 21.84% stake in A101. (full story)



Comment: We do not know any further details but the possible sale revenue will increase the CAR of Bank Asya, which is expected to have positive impact on bank's financials and thus on share price.
Source : bne