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Announced

Completed

Emirates NBD completed the acquisition of Denizbank from Sberbank for $2.8bn.

Financials

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Transaction Value£2,141m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Turkey

Banks

Public

bank holding company

Acquisition

Single Bidder

Majority

Friendly

Completed

Cross Border

Synopsis

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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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