Three bids for major Turkish insurance business
Allianz, Dai-ichi Life and Zurich are in the process of making bids for Yapi Kredi Sigorta, the insurance arm of Yapi Kredi Bank in Turkey, according to senior banking sources.
The insurance arm of Yapi Kredi Bank is valued at $1.2bn and binding bids will be submitted on 15 February, Reuters reports.
Yapi Kredi Sigorta is a joint venture between Turkish group Koc Holding and
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