Mergers & Acquisitions
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Denizbank sale ‘stalls in Dexia management vacuum’
Dexia’s planned sale of Turkish unit Denizbank will not proceed until after an expected management change at the bailed-out Franco-Belgian bank, sources said. The existing team of chief executive Pierre Mariani has been pushing unsuccessfully for buyers to pay at least €3bn ($3.95bn), but speculation about a management shake-up means…
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Click here to read the full story: Gulf Times