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American Bank Buys into Departmental Stores in Turkey

Posted on 14 February 2011

Date: 04/05/2007
American Bank Buys into Departmental Stores in Turkey

Citigroup to buy shares in Boyner, Beymen Citigroup’s, Venture Capital International (CVCI) will purchase 30 percent of Boyner and 50 percent of Beymen department stores. The talks following the letter of intent has been signed February 12, have been finalized. The total value of the Boyner department stores is set at $153,8 million for the purchase, while Beymen’s is set at $252 million.

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