Investment Banking
Mergers & Acquisitions
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Russia’s Sberbank Said Sole Bidder for Citi’s Turkey Assets
Turkey’s Denizbank AS, owned by Russia’s OAO Sberbank, submitted the sole offer for Citigroup’s Turkish retail unit after rivals decided against bidding for the assets, two people familiar with the matter said. Odeabank, the Turkish unit of Lebanon’s Banque Audi SAL- Audi Saradar Group, is among banks which decided the…
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Click here to read the full story: Bloomberg