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Norway wealth fund held $208 million in shares in firms named in probe

Photo: Gazete Oksijen

Latest in the series Erdin Ozel and Emir Munir Sarpyener arrested in fund probe

According to Bloomberg, Norway's sovereign wealth fund held shares worth about $208 million in 10 companies named in Türkiye's fund investigation. The value of the assets fell sharply after the investigation.

A June 30 filing by Norges Bank Investment Management shows those shares equalled almost 10% of its total Turkish holdings at that date. The fund had also bought shares in Tera Yatırım, the focus of the investigation. Its largest investment was in Astor Enerji, which lost 41% of its value this month.

Norway wealth fund held $208 million in shares in firms named in probe

Sources 6 sources

Source spectrum State State Conservative Conservative Independent Indep. Opposition Opp. Foreign Foreign
EkonomimFirst to publish the story30 Sept, 14:19 Bloomberg: Norveç Varlık Fonu Türkiye’deki fon soruşturmasından etkilendi Gazete Oksijen4th to publish the story30 Sept, 16:51 Bloomberg: Norveç Varlık Fonu, fon soruşturmasında adı geçen şirketlerde 208 milyon dolarlık hisseye sahipti Diken2nd to publish the story30 Sept, 15:08 Norveç Varlık Fonu da 'fonzede' +2 Gazete Oksijen · 4th to publish the story Diken · 2nd to publish the story BirGün3rd to publish the story30 Sept, 15:16 Bloomberg: Fon soruşturması Norveç Varlık Fonu'nu da etkiledi Muhalif6th to publish the story1 Oct, 12:06 Bloomberg'den Norveç Varlık Fonu iddiası: Soruşturmada adı geçen şirketlerde 208 milyon dolarlık hisse soL Haber2 articles · 5th to publish the story30 Sept, 17:05 Fon soruşturması Norveç Varlık Fonu'nu da vurdu: 208 milyon dolarlık hissesi ortaya çıktı +2 Muhalif · 6th to publish the story soL Haber · 5th to publish the story

Fund Investigation News Series

Where it began Tera Portföy declares default in two funds, payment periods extended in six funds

  1. Erdin Ozel and Emir Munir Sarpyener arrested in fund probe Tera Portfolio Board Chairman Erdin Ozel and Tera Investment CEO Emir Munir Sarpyener were arrested in the fund investigation. The number of arrested suspects in the probe rose to 58.
  2. Treasury bonds in Tera funds put up for sale Treasury bonds in Tera Portföy funds are being put up for sale under the liquidation decision of the Capital Markets Board (SPK).
  3. Şimşek: troubled portfolio managers and funds quarantined Turkish Treasury and Finance Minister Mehmet Şimşek said troubled portfolio management companies and related funds had been quarantined, and a liquidation and resolution process had begun.
  4. Turkish savings fund exercises rights over 99.99% stake in bank The Savings Deposit Insurance Fund (TMSF) decided to exercise shareholder rights, excluding dividends, attached to Destek Finans Faktoring's 99.99% stake in Destek Yatırım Bankası. The company's board members and general manager were dismissed.
  5. Norway wealth fund held $208 million in shares in firms named in probe According to Bloomberg, Norway's sovereign wealth fund held shares worth about $208 million in 10 companies named in Türkiye's fund investigation. The value of the assets fell sharply after the investigation.
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