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Turkiye: The Turkish State-owned Ziraat Bank acquires a shopping center in exchange for debts

Description

On 2 December 2019, The Turkish State-run Ziraat Bank acquired Ankara’s prestigious shopping center Next Level AVM owned by Pasifik Construction Company. The acquisition was made through the stock for...

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Intervention Details

Intervention Type

Debt purchase

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Dec 2019

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Products

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