Russian, UAE banks discuss sale of Turkish lender
- World
- Anadolu Agency
- Published Date: 12:00 | 30 January 2018
- Modified Date: 02:01 | 30 January 2018
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.