Home » Kuwait Investors »

|| Kuwait investors acquired stake in Turkish bank for $350 million

kipco-turkey.jpgBurgan 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:

Previous Post: UAE early stage investor Saffar Holding to exit its investment in Zawya
Next Post: Dubai private investors of Legatum acquired a building at DIFC

More from Kuwait Investors ...

  Kuwait private equity firm NBK Capital acquired 51% stake in Turkey advertising firm (December 2014)

  Kuwait investors acquired UK dining chain Little Chef for $23 million (August 2013)

  Kuwait Investors acquired land in Morocco for $53 million (October 2012)

  Kuwaiti firm Dimah Capital acquired real estate in UK for $70 million (June 2012)

  After the New York acquisition, Kuwaiti investors acquired a $33 million building in UK (May 2012)

  Kuwait investors acquired stake in Turkish bank for $350 million (April 2012)

  Kuwait firm Alshaya acquired La Senza UK out of administration (January 2012)

  Kuwait Finance House acquires logistic services center in Sweden for $70 million (November 2011)

  Kuwait investors acquired stake in Turkish retailer (May 2011)

  Gulf investors investing heavily in Philippines agriculture sector (March 2011)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2019 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter