Sberbank’s Denizbank Acquired by Emirates NBD Bank
Sberbank of Russia has signed a share purchase agreement for the sale of Denizbank, the fifth largest bank in Turkey, to leading UAE banking group Emirates NBD Bank. Emirates NBD will acquire 99.85% of Denizbank's issued capital for a consideration of approximately USD 3.2 billion. The completion of the transaction is subject to clearance from the…
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