Russian, UAE banks discuss sale of Turkish lender

Sberbank of Russia, which holds 99.9 percent of Denizbank shares, enters into talks with Dubai’s Emirates NBD

By Tuba Sahin

ANKARA (AA) - Denizbank's main shareholder Sberbank of Russia and Dubai’s Emirates NBD have entered into strategic talks over the potential sale of the Turkish lender.

Denizbank said in a statement Tuesday that talks were at a preliminary stage and it was not certain how the process would end.

Sberbank owns 99.9 percent of Denizbank.

Sberbank recently announced it routinely evaluates potential opportunities in a variety of markets and will not make a further statement unless there is an important development, the Turkish lender added.

Kaynak:

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