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Mubadala Considers Buying Turkish Halkbank, Vatan Says

(Corrects to Abu Dhabi instead of Dubai in first paragraph of story first published on May 25.)

May 25 (Bloomberg) -- Mubadala Development Co. PJSC, a sovereign wealth fund of Abu Dhabi, is considering a bid to buy state-owned Turkish lender Turkiye Halk Bankasi AS, Vatan newspaper reported.

Mubadala officials have visited Turkey several times in the past six months and may be considering an offer of around $10 billion for the Turkish bank, Vatan reported citing unnamed banking officials.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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