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Turkey's wealth fund buys 20% stake in Platform Ortak Kartli Sistemler - report

Turkey's wealth fund buys 20% stake in Platform Ortak Kartli Sistemler - report Bank card Author (wirecard.com) License: all rights reserved.

ANKARA (Turkey), February 13 (SeeNews) - Turkey's sovereign wealth fund has acquired a 20% stake in local payment and card systems company Platform Ortak Kartli Sistemler for an undisclosed sum, Anadolu Agency reported on Thursday. 

State-owned lenders Vakifbank, Ziraat Bankasi and Halkbank set up the platform in September for the purpose of developing payment and card systems, the news agency reported.

Turkey's sovereign wealth fund last week announced that its subsidiary TVF Finansal Yatirimlar has agreed to buy a 10% stake in local insurance company Gunes Sigorta from French insurer Groupama Holding Filiales et Participations.

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