Unlu & Co

"Turkish investment bank Unlu & Co aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since the easing of sanctions, its chairman said on Friday... "We aim to conclude the acquisition in the next three to six months," Mahmut Unlu, chairman and chief executive of Istanbul-based Unlu & Co, told a news conference. The bank, which specialises in mergers and acquisitions and portfolio management, has also established an open-ended fund to invest in Iranian companies and has been hired by a Turkish consumer goods firm to find acquisition targets in Iran, Unlu said. "The Turkish company we are advising is in talks to buy a majority stake in an Iranian firm. It will be a $60-70 million deal," he said, without giving further details." (Reuters, "Turkish investment bank Unlu says aims to close Iranian deal soon," 9/30/2016).  (http://news.trust.org/item/20160930132621-3t9de)