|26 March, 2020

Turkey Wealth Fund signs $5bln MoU with China's Sinosure

The deal will include Sinosure recommending Chinese enterprises as investors, and financial institutions for projects in energy, petrochemicals and mining sectors

Close-up of American dollars.

Close-up of American dollars.

Getty Images/Tomasz Zajda

ISTANBUL - Turkey's sovereign wealth fund said on Thursday it signed a memorandum of understanding with China's Sinosure to provide insurance support up to $5 billion for financing activities.

In a statement, Turkey Wealth Fund said the deal will include Sinosure recommending Chinese enterprises as investors, and financial institutions for projects in energy, petrochemicals and mining sectors.

(Writing by Ezgi Erkoyun; Editing by Jonathan Spicer) ((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))

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