Turkey to liquidate 131 funds, with Ziraat and İş Bankası running the process; Şimşek says move won't weigh on bourse

The SPK published the roadmap for liquidating the funds, with the list updated to 131 funds from the 130 originally announced; Ziraat and İş Bankası will carry out the liquidation, with MKK and banks handling fund shares, including lien/pledge procedures. Treasury and Finance Minister Mehmet Şimşek said the $18bn liquidation will not be structured in a way that pressures the stock exchange.

Detected & updated continuously · Source: Nebula