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Financial Services & Real Estate Headlines

Multiple buyers interested in Turk Telekom stake, Garanti CEO says

Multiple buyers are interested in buying Turk Telekom's stake, Turkey's Garanti Bank chief executive Ali Fuat Erbil said on Friday, after Oger Telecom failed to make three payment on a $4.75 billion loan it secured to acquire 55 percent stake in Turkish fixed-line operator.

Swiss Re in talks to sell stake to SoftBank

Swiss Re said it is in talks to sell a minority stake to SoftBank Group in a deal that could be worth $10 billion or more and would mark Japanese company's biggest move yet into financial services.