Announced
Completed
Financials
Tags
Turkey
Banks
Public
bank holding company
Acquisition
Single Bidder
Majority
Friendly
Completed
Cross Border
Synopsis
Emirates NBD, one of the largest banking groups in the Middle East, completed the acquisition of Denizbank, a large private bank in Turkey, from Sberbank, a state-owned Russian banking and financial services company, for $2.8bn. The transaction will help Emirates NBD diversify its business and establish itself as a leading bank in the region, the bank’s vice chairman Hesham Abdulla al-Qassim said.
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