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First Abu Dhabi Bank is in advanced talks to acquire Turkish conglomerate Koc Group's 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion, according to three sources close to the...
Turkish grocery delivery company Getir said on Monday it was withdrawing from its European and U.S. markets to focus on its main Turkish market. In a statement, Getir also said it...
Turkish grocery delivery company Getir is considering the sale of online shopping platform n11 among options in discussions with investors on a new road map, two sources close to the matter said. Getir grew rapidly during the COVID-19 pandemic, attracting high-profile investors and reaching a valuation of $12 billion two years ago as it established operations across Western Europe and in the United States.
Turkish grocery delivery company Getir is close to withdrawing from Germany almost a year and a half after it bought rival Gorillas, German media reported on Wednesday. Its... -April 24, 2024 at 11:15 am EDT - MarketScreener
A U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter. The U.S. executive order in December did not explicitly target energy but it has complicated some Turkish payments for Russian crude as well as Russian payments for a broader range of Turkish exports, the sources said. U.S. sanctions aim to reduce the Kremlin's revenue and disrupt its war in Ukraine without choking Russian oil flows to global ma...