Strength of economy should outweigh political crisis
AS AN INDICATION of investors’ confidence in Turkey’s rehabilitation, the success of the Halkbank IPO in the middle of a political crisis could hardly be more telling. As the army threatened another coup and a million secularists took to the streets to protest against the perceived Islamist agenda of the government, Goldman Sachs and local firm Is Investment managed to fill the book for the TL2.5 billion ($1.86 billion) state bank privatization with more than $12.5
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