Turkey’s Isbank to sell 130 million shares it bought back last year

May 31, 2019

ISTANBUL (Reuters) – Turkey’s Isbank decided on Friday to sell 130 million C class shares that it bought back last year by taking into account the relative improvement in economic conditions and efficient use of its capital.

In a stock exchange filing, Isbank, Turkey’s second largest bank by assets, said it authorized its head office to determine the sale price, method and calendar.

(Reporting by Nevzat Devranoglu; Writing by Ezgi Erkoyun. Editing by Jane Merriman)

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