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Akbank TAS (AKBNK), the Turkish bank in which Citigroup Inc. (C) is planning to reduce its stake to less than 10 percent from 20 percent, hired Goldman Sachs International to advise it on the transaction.
Goldman will provide consultation to Akbank “in evaluating various strategic options with regard to the Citigroup stake sale,” Akbank said in a statement to the Istanbul Stock Exchange today.
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