Emirates NBD in talks to buy Turkey bank stake
DUBAI, January 30, 2018
Emirates NBD Bank, a leading banking group in the region, has confirmed that it has commenced initial strategic discussions with Sberbank of Russia on acquiring Sberbank's existing shareholding in DenizBank.
DenizBank is a private bank in Turkey. Sberbank acquired DenizBank shares from Dexia in 2012.
Discussions are at a very preliminary stage and there is no certainty that any transaction will be entered into, a statement said.
A further announcement will only be made if there is a material development, it said.
"Emirates NBD Bank routinely evaluates potential opportunities in different markets," it added. - TradeArabia News Service
