Announced
Completed
Financials
Sources
Tags
Cross Border
bank
Banks
Turkey
Private
Single Bidder
Friendly
Majority
Acquisition
Completed
Synopsis
BBVA, a digital bank, completed the acquisition of a 36.12% stake in Turkish Garanti, a financial services company, for $1.43bn. “This transaction represents a great opportunity to invest in our franchise in Turkey and create value for our shareholders. Additionally, the price is very attractive for Garanti BBVA minority shareholders,” Carlos Torres Vila, BBVA Chairman.
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