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Norway Fund Bought Tera-Run Turkey IPO That Plunged in Weeks
Source: Bloomberg
IPOs & SPACsLegal & LitigationSovereign Debt & Ratings
Norway's sovereign wealth fund was a key investor in an IPO underwritten by Tera Yatirim Menkul Degerler AS two months before the Turkish brokerage became central to what is described as Turkey's largest fund scandal. The disclosure creates reputational and potential investment-risk implications for participants in the offering and the Turkish capital-markets sector.
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