MCI Fund acquires stake in Turkish travel company

Venture Fund MCI has acquired a 59.75 percent stake in Turkish company, Mika Tur, owner of travel portal Tatilbudur.com, for €10.97 million. "In joint transaction with local investment fund IS Private Equiry, an 80 percent share in share capital was purchased," a statement read. The Tatilbudur.com webpage is visited by 20 million tourists annually. The company's revenues amount to 220 million Turkish Lira ($75.51 million) a year. MCI Management has been listed on the WSE since 2001.