Turkey's Halk insurance units' privatisation cancelled

August 14, 2015 7:11 AM

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ISTANBUL Aug 14 Turkey's privatisation body has cancelled a planned sale of two insurance units of state-owned lender Halkbank, the bank said in a statement to the Istanbul stock exchange late on Thursday.

The Turkish Privatisation Administration had said earlier this year that privatisation tenders would be held for a block sale of 93.49 percent of insurance company Halk Sigorta and at least 90 percent of life insurance and pensions company Halk Hayat ve Emeklilik.

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