Mergers & Acquisitions
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Burgan Bank nears ‘deal’ to buy EFG Turkish stake
Kuwait’s Burgan Bank is close to a deal to buy EFG Eurobank’s 70-percent stake in Eurobank Tekfen, three banking sources said, in a $350 million sale which would help shore up the struggling Greek lender. The stake in Eurobank Tekfen, a partnership between EFG Eurobank and Turkey’s Tekfen Holding, was…
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Source: Burgan Bank