July 28 (SeeNews) - Turkish bank Turkiye Is Bankasi AS [IST:ISCTR], or Isbank, said its board of directors has approved a plan to acquire local digital payment services provider Moka Odeme Kurulusu for $3.8 million (3.2 million euro).
The purchase price values each Moka Odeme Kurulusu share at $0.68, Isbank said in a filing with Borsa Istanbul's public disclosure platform KAP on Monday.
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The transaction will be completed after obtaining the required legal approvals and meeting standard conditions precedent stated in the agreement, the fling reads.
($ = 0.8532 euro)