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Franklin Templeton in Talks to Buy Abraaj’s Turkey Business

Franklin Templeton in Talks to Buy Abraaj’s Turkey Business

U.S. asset management firm Franklin Templeton Investments has been in exclusive talks to take over the Turkish operations of Dubai-based private-equity firm Abraaj Group, according to a person familiar with the matter.

The publicly traded investment manager has been negotiating for a portfolio of assets that include a stake in online retail group Hepsiburada and logistics company Netlog Lojistik Hizmetleri,