Emirates NBD shares soar on talks to acquire Turkish DenizBank - The National:
"Shares in Emirates NBD soared to a two-year high yesterday, after it confirmed it was in talks to acquire a majority stake in Turkish lender DenizBank from Sberbank of Russia. "Discussions are at a very preliminary stage and there is no certainty that any transaction will be entered into," Emirates NBD, Dubai's biggest bank by assets, said in a statement on Tuesday. "Emirates NBD routinely evaluates potential opportunities in different markets. A further announcement will only be made if there is a material development." "
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