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Turkey’s Savings Deposit Insurance Fund (TMSF) has been appointed trustee of Peker GYO, the publicly listed real estate investment company, according to Bloomberg HT. The move places the company’s management and board under TMSF control, though the report did not specify the size of the stake involved or the circumstances that triggered the appointment. Peker GYO shares trade on Borsa Istanbul, so the trusteeship directly affects a listed issuer and its minority shareholders. Investors will watch for TMSF’s disclosures on the company’s financial position, any changes to the board and strategy, and whether trading in the stock is suspended or resumes normally.

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Peker GYO, TMSF