UniCredit agrees to cut stake in Turkey's Yapi Kredi to below 32%
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MILAN (Reuters) - Italy's UniCredit said on Saturday it had reached a deal with Turkey's Koc Holding to cut its stake in Yapi Kredi Bank to below 32% as part of moves to simplify its shareholding structure and bolster capital.Yapi Kredi Bank is Turkey's third largest bank.Under the deal Koc Holding will buy UniCredit's 50% stake in Koc Financial Services (KFS), the joint venture which controls Yapi Kredi, to become the JV's sole owner.At the same time KFS will sell 31.93% of Yapi Kredi to..