Burgan Bank, the commercial banking arm of Kuwait's largest investment firm KIPCO, announced that it has acquired stake in Eurobank Tekfen Turkey from its Greek owners for $350 million.
The total consideration will be funded fully from Burgan's existing internal cash resources. The Bank has extensive geographic coverage within Turkey through its network of 60 branches.
KIPCO is listed in the Middle East Investors Directory with the code OR35.
More details follows from the companies involved:
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