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Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi - sources

FILE PHOTO: The UniCredit-Banca di Roma bank headquarters is seen in Rome, Italy
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ISTANBUL/LONDON/MILAN (Reuters) - UniCredit has struck a deal to reduce its exposure to Turkey's Yapi Kredi , three sources told Reuters, a move seen as a first step towards the Italian bank's full exit from the recession-hit country.As part of the plan, UniCredit will sell its 50% stake in its joint venture Koc Financial Services - which controls Yapi Kredi - to its partner Koc Holding , two of..
Date Published: Nov 22, 2019
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