The sale of a 15% stake in Türk Telekom has made the Turkish state $1.9 billion (€1.22 billion), according to the head of the country’s asset sales agency.
The majority of the money in what was Turkey’s biggest IPO to date came from foreign investors ($1.15 billion), and at least 30% of those allocated to them went to investors in the Gulf and Middle East.
Türk Telekom is majority (55%) owned by Dubai-based Oger Telecom.
