Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi
Reuters reported first Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in […] The post Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi appeared first on Reuters News Agency.
Reuters reported first Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion. Shares in Yapi Kredi soared 10% after the news emerged, while Koc Holding jumped more than 9%, both touching record highs. FAB shares slipped slightly.
The post Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi appeared first on Reuters News Agency.
What's Your Reaction?
