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Financial

Emirati bank FAB in advanced talks to buy Turkey's Yapi Kredi

Details: Staff; 21 May 2024

Financial

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Next Article Reuters ahead with key market-moving alerts from JP Morgan’s investor day

Business & FinanceDeals

Reuters reported ^[1] 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

Read more https://www.reutersagency.com/en/reutersbest/article/emirati-bank-fab-in-advanced-talks-to-buy-turkeys-yapi-kredi/

Previous Article Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad
Next Article Reuters ahead with key market-moving alerts from JP Morgan’s investor day

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