G Capital, a Dubai based company and a subsidiary of Gulf Finance House (GFH), has acquired Adabank in Turkey for $75 million.
Adabank is a Turkish Bank headquartered in Istanbul and placed for sale by the Savings Deposit Insurance Fund (TMSF). The sale was done in partnership with Gürmen Group.
Gulf Finance House is listed in the Middle East Investors Directory with the code OR27.
More details follows:
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