Kuwait's Burgan completes $351m Turkish deal - Banking & Finance - ArabianBusiness.com

Kuwait-based Burgan Bank announced on Saturday that it has completed a deal to acquire a 99.26 percent stake in Eurobank Tekfen, the Turkish arm of EFG Eurobank.
The bank said in a statement that under the deal, which was worth KD98.88m ($351m), Eurobank Tekfen and its subsidiaries (EFG Istanbul Equities & EFG Leasing) become fully owned subsidiaries of Burgan Bank.
Burgan, the commercial banking arm of Kuwait Projects Co, added that it has received all the regulatory approvals in Kuwait and Turkey for this acquisition.

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