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TEB |
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TEB, a mid-sized Turkish bank, is officially in partnership negotiations with France-based BNP Paribas. Audit activity is contained in TE/GE's TEB Group, with a handful of group managers spread across the country managing a total of approximately 50 agents who perform the audits. TEB intends to use the net proceeds from this offering to acquire investments that produce tax-exempt interest income and for general corporate purposes, which may include the repayment of indebtedness of TEB to an affiliated entity. |
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