Investors buy into Turkish Islamic bank

Article Abstract:

Ihlas Holding has sold a 10% stake at its Ihlas Finans Kurumu AS unit, an Islamic financing house, to New Frontier Emerging Opportunities Fund of the Bahamas, Quantum Emerging Growth Partners of George Soros and Turkish Growth Fund of Alliance Capital Management for $4.7 million. The sale agreement was pursued despite initiatives supported by the Turkish military calling for the curtailment of financial institutions that are based on religion. The three major foreign portfolio investors believe that their purchase of a stake at Ihlas Finans Kurumu provides excellent value for their investment.

Comment:

Sells 10% stake at Ihlas to New Frontier Emerging Opportunities Fund, Quantum Emerging Growth Partners & Turkish Growth Fund

Commercial Banks, Commercial Banking, Asset sales & divestitures, Article, Ihlas Finans Kurumu AS, Ihlas Holding

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ING management faces sweeping restructuring

Article Abstract:

ING Groep NV is planning to reorganize its operations in Europe, Asia, and America as part of its comprehensive management restructuring. The company will reorganize those regional operations into regional management centers.

Netherlands, Organizational history, Financial Services, Finance and Insurance, ING Groep N.V.

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Turkish businesswoman breaks social barriers

Article Abstract:

The article discusses the success of Guler Sabanci, the head of Turkish conglomerate Haci Omer Sabanci Holding SA, and how she is breaking social barriers in Turkey's male-dominated business world.

Management development, Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, Sabanci, Guler, Haci Omer Sabanci Holding SA

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