Russian bank buys into growing Turkish banking market

Posted on 26 June 2012

Istanbul, 8 June 2012 – Sberbank, the Russian state owned bank has signed the preliminary agreement to buy Denizbank which is part of the French Belgian owned Dexia Bank. The transaction is due to be completed by the end of 2012 and the purchase price is approximately 3.6 billion USD. Source: Invest in Turkey

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