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Turkey Hires Advisers to Sell $10 Billion of Seized Companies

By Tony Seruga

Almost 600 companies seized in allegations of terrorism
Businessman Akin Ipek has seen several of his companies seized

Recep Tayyip Erdogan

Photographer: Michael Nagle/Bloomberg

Turkey hired three local institutions to advise on the sale of 596 companies it seized because of alleged links to terror organizations.

The Savings Deposit Insurance Fund, known by its Turkish acronym of TMSF, picked Turkiye Sinai Kalkinma Bankasi AS, or TSKB, Vera Varlik Yonetim AS and Garanti Yatirim Menkul Kiymetler AS to advise on the sale of companies grouped in three packages, the Istanbul-based fund said in a statement on its website on Wednesday…

Turkey Hires Advisers to Sell $10 Billion of Seized Companies

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