UniCredit SpA (UCG), co-owner of Turkey’s fourth-biggest traded lender, may look at buying Turkey’s Denizbank AS (DENIZ) if talks fail to sell it to Qatar National Bank SAQ (QNBK), Chief Executive Officer Federico Ghizzoni said.
Denizbank was put up for sale last year by Dexia SA (DEXB), the Franco-Belgian bank being broken up amid losses. UniCredit, which already owns Turkey’s Yapi ve Kredi Bankasi SA together with Koc Holding AS (KCHOL), wasn’t in a position to enter the Denizbank auction so far, Ghizzoni told reporters in Vienna late yesterday.
“When they started to look for a buyer, we were in the middle of our rights issue,” Ghizzoni said. “At this moment we can’t do anything because there is a negotiation ongoing with Qatar,” he said. Should QNB pull out, “the bank will be again in the market and we’ll see what we do.”
No comments:
Post a Comment