Kuwait’s Burgan Bank Group has extended its regional brand platform to Turkey following its recent acquisition Eurobank Tekfen, which will now operate under the name of Burgan Bank – Turkey.
Its subsidiaries EFG Istanb
Burgan Bank, a leading Kuwaiti bank with a regional presence in Jordan, Iraq, Algeria and Tunisia, said it has acquired 99.26 per cent stake in Turkish lender Eurobank Tekfen from Eurobank EFG, the third largest bank in Greece,
Kuwait’s Burgan Bank said it has won approval from Turkey's Banking Regulation and Supervision Agency (BRSA) on a share purchase agreement with Eurobank EFG, the third largest bank in Greece to acquire leading Turkish
Burgan Bank, one of Kuwait’s leading banks with a regional presence in Jordan, Iraq, Algeria and Tunisia, said it has won approval from the Central Bank of Kuwait for its deal to acquire Turkey-based Eurobank Tekfen.
Burgan Bank, which is said to be in talks to buy a 70-percent stake in Turkish group Eurobank Tekfen, said it has not reached any deal for a majority stake purchase.
Sources told Reuters on Wednesday the Kuwait lender had reached a deal f
Kuwait's Burgan Bank has reached a deal to buy a 70 percent stake in Turkey's Eurobank Tekfen, a partnership of Greece's EFG Eurobank and Turkey's Tekfen Holding, sources with knowledge of the deal said.
The stake sale comes as Greek bank