Sberbank of Russia has completed the sale of 99.85% of Denizbank’s issued capital to Emirates NBD Bank, a leading UAE banking group, for a consideration of approximately USD 2.8 billion. A share purchase agreement had been signed on 21 May 2018, and subsequently amended and restated on 2 April 2019. The parties proceeded with completion on 31 July 2019 after obtaining clearance from the regulatory authorities in Turkey, Russia, the United Arab Emirates and other countries in which Denizbank operates.

Share


Legal Information

This is for information purposes; it is not legal advice. As laws and their interpretation may change, please consult Turkish legal counsel to confirm the current position and obtain advice tailored to your circumstances before making any decision or taking action in relation to your matter in Türkiye. All rights reserved.


You May Be Interested In

Privacy Preference Center