Turkey’s Vestel in Talks to Restructure $500 Million of Debt

Vestel Elektronik, a Turkish home-appliance and electronics manufacturer that has reported losses every quarter for the past two years, is in talks with banks to restructure more than $500 million...

By Kerim Karakaya, Inci Ozbek · Bloomberg Markets

Vestel Elektronik, a Turkish home-appliance and electronics manufacturer that has reported losses every quarter for the past two years, is in talks with banks to restructure more than $500 million of debt.