Bloomberg News

Turkey’s Toprak Group Says Pays Off Debt to Savings Deposit Fund

June 27, 2012

Toprak Group, a Turkish holding company that lost control of many assets after the failure of its lender Toprakbank, said it has paid off all its debt to the Savings Deposit Insurance Fund.

The repayment means that 22 companies and 21 industrial facilities belonging to the group will be returned to the management of the Toprak family, according to an e-mailed statement from the company.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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