Kuwait's Burgan Bank said on Saturday it has received central bank approval for a $355m deal to acquire EFG Eurobank's Turkish arm.
The bank said it is still awaiting final approval from Turkey's regulators to complete the deal.
Burgan, the commercial banking arm of Kuwait Projects (KIPCO), will absorb $280m of loans issued by EFG to the Turkish unit as part of the deal.
No comments:
Post a Comment