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Turkey Wealth Fund Buys 10% Stake in Borsa Istanbul from EBRD

The Borsa Istanbul SA stock exchange in Istanbul.

The Borsa Istanbul SA stock exchange in Istanbul.

Photographer: Ismail Ferdous/Bloomberg

Turkey’s sovereign wealth fund has acquired a 10% stake in the nation’s bourse from the European Bank for Reconstruction and Development, it said in an emailed statement on Tuesday.

The acquisition brings its stake in Borsa Istanbul to 90.6%, the fund said.