International investment company intends to open branch in Turkey
Baku, Azerbaijan, Oct. 25
By Rufiz Hafizoglu - Trend:
BlackRock international investment company intends to open a branch in Turkey, the Turkish newspaper Milliyet reported Oct. 24, citing a source in the company.
BlackRock's capital in Turkey will be $500 million, the newspaper reported. The opening date is not reported.
The source also said that the company intends to open branches in India.
The international investment company with headquarters in New York was founded in 1988.
The company manages assets worth $4.32 trillion in mid-2014.
The company's shares are rated on the stock exchange.
The main owners are Bank of America (34.1 percent), PNC Financial Services (24.6 percent) and Barclays PLC (19.9 percent).
BlackRock acquired Barclays Global Investors for $ 13.5 billion in December 2009.