Emirates NBD is set to submit a bid for Sberbank PJSC’s Turkish unit Denizbank AS this month for a deal that could be worth up to $4.12 billion
Emirates NBD PJSC is preparing to submit a bid for Sberbank PJSC’s wholly-owned Turkish unit in March, people with knowledge of the matter said.
Dubai’s biggest bank is evaluating an offer for Denizbank AS, the people said, asking not to be identified because the talks are private. It could take several months before Sberbank decides whether or not to sell, they said.
This story is from the 1 March, 2018 edition of Bloomberg Businessweek Middle East.
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This story is from the 1 March, 2018 edition of Bloomberg Businessweek Middle East.
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