Taiwan Cement is set to increase its stake in Turkey's Oyak Cement, gaining a majority share in their joint venture. The deal involves Turkey's Army Pension Fund, OYAK, selling stakes in two cement firms to Taiwan Cement for about 673 million euros. Additionally, Europe's largest asset manager, Amundi, is starting to cover its underweight position in the Turkish Lira, suggesting that Lira assets could be a compelling investment in 2024 if there is a policy shift attracting international investors.
Exclusive: European fund giant Amundi dips toe back into Turkey's lira https://t.co/ZJbcaFInES https://t.co/ZUxmTP2yTt
Exclusive: European fund giant Amundi dipping toe back into Turkey's lira https://t.co/xJoXmlMp8k https://t.co/SenJuhAORh
NEW: Europe’s largest asset manager Amundi begins to cover underweight position in Turkish Lira, saying that Lira assets could be one of the interesting stories of 2024, if policy shift appeals to international investors
EUROPEAN FUND GIANT AMUNDI DIPPING TOE BACK INTO TURKEY'S LIRA - RTRS
🇹🇷 EUROPE'S LARGEST ASSET MANAGER AMUNDI SAYS HAS STARTED TO COVER UNDERWEIGHT POSITION IN TURKISH LIRA 🇹🇷 AMUNDI SAYS LIRA ASSETS COULD BE ONE OF MOST INTERESTING STORIES OF 2024 IF POLICY SHIFT SEES RETURN OF INTERNATIONAL INVESTOR APPETITE
🇹🇷 EUROPEAN FUND GIANT AMUNDI DIPPING TOE BACK INTO TURKEY'S LIRA
Turkey’s Army Pension Fund, OYAK, reaches preliminary agreement to sell stakes in two cement firms to Taiwan Cement for about 673 million euros https://t.co/5pYhd1IEDi
Turkey’s Army Pension Fund, OYAK, reaches preliminary agreement to sell stakes in two cement firms to Taiwan Cement for about 673 million euros https://t.co/61swj0XjDg
Taiwan Cement is expected to increase its stake in Turkey’s Oyak Cement and to own a majority of shares in its Turkish joint venture after the deal, according to a source https://t.co/t21viAn2hP
Taiwan Cement is expected to increase its stake in Turkey’s Oyak Cement and to own a majority of shares in its Turkish joint venture after the deal, according to a source https://t.co/N1KZv8qDZM