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Skip Navigation LinksHome :: Back Issues :: Turkey: Unicredit and Koc buy YKB for €1.2bn

June 2005

Turkey: Unicredit and Koc buy YKB for €1.2bn

by Julian Evans

Combined group has the potential to be a domestic market leader


KFS, the joint venture between Italian bank Unicredit and Turkish Koc Holding company, has bought a 57% stake in Yapi ve Kredi Bankasi (YKB), the fifth-largest Turkish bank by assets, for €1.16 billion. The deal values YKB at €2 billion. YKB's stock fell around 5% on May 8, the day the deal...


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