US-based fund to invest $900M in total in Turkey

Investment Support and Promotion Agency of Turkey, Arda Ermut10/09/2016 (Sabah – Turkey): Capital inflow into Turkey has been increasing day by day. In this framework, on behalf of the Investment Support and Promotion Agency of Turkey (ISPAT), U.S.-based Washakie Renewable Energy, Noil Energy Group and the partner of these funds in Turkey SBK Holding A.Ş are involved in the capital inflow of $950 million into Turkey. The U.S.-based group made its initial investment in Turkey in 2013. Thereafter, they are mostly interested in investments concerning mergers and acquisitions. Along with the administration and management of SBK Holding A.Ş., the cumulative value of the investments has amounted to $500 million. The group has established an equity fund for the new investments of $500 million to be made for the upcoming period. The new fund is expected to be used in the sectors of finance and tourism…

http://www.dailysabah.com/economy/2016/09/10/us-based-fund-to-invest-900m-in-total-in-turkey

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