Turkish Deputy PM says not in a hurry to sell Halkbank stake

Babacan also said the latest public offering of the bank had shown that it had a market value of at least $10 billion.

Turkish Deputy PM says not in a hurry to sell Halkbank stake

World Bulletin / News Desk

Turkish Deputy Prime Minister Ali Babacan said on Monday that the government had no immediate plans to sell the remaining state-owned stake in the Turkish lender Halkbank to give the ailing global and European banking system more time to recover.

"The remaining 51 percent stake will remain in the hands of the state for at least a couple of years because we want a strategic investor to come and buy it. For the moment only a very limited number of banks can pay the amount we ask for," Babacan told reporters in London following a series of meetings with representatives from British investment and finance circles.

Babacan also said the latest public offering of the bank had shown that it had a market value of at least $10 billion.

Last Mod: 18 Aralık 2012, 09:56
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