Hariris Said in Sale Talks to Avoid Default on Turkey Loan

Updated on
  • Oger stake said to be on offer after missed payment on debt
  • Akbank, Garanti said to have combined $2.5 billion exposure

Lebanon’s Hariri family has begun talks to sell a stake in their Dubai-based telecommunications unit as they seek to avoid default on a $4.75 billion loan, according to two people with direct knowledge of the matter.

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