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Topic Summary

Posted by: NelsonGoni
« on: June 07, 2024, 02:57:25 AM »

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 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 .


Source: Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi

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