Phil Bennett

According to an EBRD press release, the financial package includes a EUR 60 million loan from the EBRD and a EUR 104 million loan from the International Finance Corporation (IFC) - whose financing includes a EUR 60 million A loan from IFCs own account and a loan of EUR 44 million from IFCs Managed Co-Lending Portfolio Program (MCPP).

The European Bank for Reconstruction and Development (EBRD) and Borsa Istanbul have finalized the bank's purchase of a 10 percent stake in the Turkish stock exchange.

The European Bank for Reconstruction and Development (EBRD) is entering exclusive negotiations to acquire a 10 percent stake in Borsa Istanbul, in a landmark deal which will support Turkey's efforts to reshape its capital markets, the EBRD has said in a statement.

 European lender will wait and see whether the next government is focused on the country?s commitments

By Evgenia Tzortzi