The European Bank for Reconstruction and Development (EBRD) signed a contract to purchase 10.84 percent of the shares of Global Liman, which is an affiliate of Global Investment Holding. The acquisition will be completed after Global Investment Holding increases its capital in Global Liman from TL 66.25 million ($21.69 million) to TL 74.31 million. According to the announcement the company submitted to the Public Disclosure Platform, Global Liman will be utilizing the capital to realize the EBRD's investment and growth schemes in markets targeted by the EBRD. In turn, the EBRD will have the right to assign one member of Global Liman's board of directors who will strive to improve corporate management practices and support Turkey in becoming more competitive in the global world. The announcement also stressed that the share transfer will take place after the necessary permissions are obtained, and the financial value of the deal will be announced afterward.