UAE-based Gulf Capital sells 70% stake in Turknet | ZAWYA MENA Edition
Abu Dhabi investment firm Gulf Capital on Monday said it has successfully completed the sale of a 70 percent stake in broadband service provider Turknet.
The consortium of buyers includes Celebiler Family and Re-Pie Portfoy Yonetimi A.S, the company said in a statement.
Gulf Capital did not disclose the value of the transaction, but it said the sale generated a significant return for its Credit Opportunities Fund.
The firm currently manages over $2.5 billion in assets across seven funds and investment vehicles.
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