Thursday, 8 November 2018

Emirates NBD applies for Denizbank takeover: Turkey's competition authority | ZAWYA MENA Edition

Emirates NBD applies for Denizbank takeover: Turkey's competition authority | ZAWYA MENA Edition:

Dubai's biggest lender Emirates NBD has applied to Turkey's competition authority to take over Turkish lender Denizbank, a posting on the competition authority's website showed on Thursday.

In May, Emirates NBD agreed to buy Denizbank from Russia's state-owned Sberbank SBER.MM for $3.2 billion to help establish itself as a leading bank in the Middle East, North Africa and Turkey.

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