Hedef Holding defaults on 1.1 billion lira debt; controlling shareholder arrested

Hedef Holding told KAP its 1.079 billion lira BPP debt was not paid at maturity, and asset measures were imposed on its controlling shareholder under an investigation. Turkish news reports say the controlling shareholder has been arrested, calling the default a major crisis in the financial sector.

Detected & updated continuously · Source: Nebula