Dubai, Turkey and Russia: Corporate Activity

Dubai, Turkey and Russia: Corporate Activity

Emirates NBD has been in discussions for Turkey's Denizbank for awhile now. A deal for Sberbank's 99.9% stake could be valued at in excess of $4.0 billion. 

Gulf lenders are seeking to boost their presence in Turkey with acquisitions and license applications. Qatar National Bank in 2016 bought National Bank of Greece SA's Turkish unit for 2.75 billion euros ($3.4 billion), while Commercial Bank of Qatar acquired a 71% of  Alternatifbank AS from Anadolu Group in 2013.