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BUSINESSBloomberg Markets·12h ago

Norway Fund Bought Tera-Run Turkey IPO That Plunged in Weeks

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Norway’s sovereign wealth fund invested in a Turkish IPO underwritten by Tera Yatirim Menkul Degerler AS shortly before the brokerage became involved in a major financial scandal.

Norway’s sovereign wealth fund was a key investor in an initial public offering underwritten by Tera Yatirim Menkul Degerler AS just two months before the brokerage firm became the center of the biggest fund scandal in Turkish history.

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