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Turkish media mogul’s Istanbul mall seized over unpaid debt

An Istanbul shopping mall owned by Turkey’s biggest media empire was seized after the company failed to repay some of its debt, the latest blow from a series of unpaid loans.

Denizbank AS, the Turkish unit of Emirates NBD Bank PJSC, said it took over the 19,000 square-meter Demiroren Shopping Mall in the heart of the touristic Taksim area from Demiroren Holding AS over the debt, without giving further details.

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