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Turkey's Oyak agrees to buy Gemport from Isbank-source

Tuesday, 2 Oct 2012 | 2:49 AM ET

ISTANBUL, Oct 2 (Reuters) - Turkish army pension fund Oyak has agreed to buy Isbank's port unit Gemlik Liman (Gemport), a company source told Reuters on Tuesday.

Isbank said late on Monday that it had signed an agreement to sell its 54 percent stake in Gemport, a port located near Istanbul.

(Reporting by Birsen Altayli, Writing by Seda Sezer)

((seda.sezer@thomsonreuters.com)(+90 212 350 7051)(Reuters Messaging: seda.sezer@thomsonreuters.com))

Keywords: TURKEY/GEMPORT