Sberbank Is Said to Hold Talks to Sell Denizbank to UAE Lender - Bloomberg

Sberbank Is Said to Hold Talks to Sell Denizbank to UAE Lender - Bloomberg:

"Sberbank PJSC has held talks with possible investors for its wholly owned Turkish unit as Russia’s biggest lender considers a sale, according to people with knowledge of the matter. Moscow-based Sberbank held discussions with possible investors, including Dubai’s Emirates NBD PJSC, and other Gulf-based lenders, some of the people said, asking not to be identified as the talks are private. Discussions are at any early stage and may not result in a deal, they said. Sberbank, which has been under U.S. and European Union sanctions since 2014, bought Dexia SA’s Turkish unit Denizbank for about $3.5 billion in 2012. Denizbank was Turkey’s ninth-largest lender by assets at the end of September, according to country’s banking association."



'via Blog this'