November 8 (SeeNews) - Turkey's Alternatifbank [BIST:ALNTF] has acquired a 99% stake in local financial leasing services provider Alternatif Finansal Kiralama, or ALease, for 120.5 million Turkish lira ($58.9 million/44 million euro), the bank said Friday.
Alternatifbank has acquired a 95.8% stake in the leasing firm from local diversified holding company Anadolu Endustri Holding for 115.6 million lira and the shares held by the minority shareholders for 4.9 million lira, it said in a bourse filing.
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(1 euro = 2.7357 Turkish lira)