Mergers & Acquisitions
Retail Banking
Uncategorized
Emirates NBD to buy majority stake in Turkey bank
UAE-based Emirates NBD, a leading bank in the region, and Sberbank of Russia have entered into an agreement whereby Sberbank will sell its entire 99.85 per cent stake in Turkey-based private bank Denizbank to Emirates NBD. Upon closing of the transaction, Sberbank will cease to be a shareholder in Denizbank….
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Source: Emirates