Emirates NBD In Talks To Buy Turkey’s Denizbank

by Forbes Middle East Forbes Middle East - Business News

Emirates NBD, Dubais largest bank, says it has started initial strategic discussions with Russias Sberbank about the possibility of purchasing its stake in Turkeys Denizbank.

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However, Emirates NBD cautioned that it routinely evaluates potential opportunities in different markets.
Discussions are at a very preliminary stage and there is no certainty that any transaction will be entered into. A further announcement will only be made if there is a material development, said Emirates NBD in a statement posted to the Dubai Financial Market.