Deals
Bank Hapoalim Says Turkey Unit Pozitif Gets Buyer Interest
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Bank Hapoalim said an investor has expressed “initial interest” in acquiring Bank Pozitif Kredi ve Kalkinma Bankasi AS, the Turkish lender it controls.
There has been no formal approach to Bank Hapoalim, and the management and board haven’t discussed the matter, Israel’s largest lender by assets said in a filing to the Tel Aviv bourse late Monday. Turkey’s Hurriyet newspaper reported May 8 that Hapoalim is in talks to sell its 70 percent stake to Altinhas Holding, without saying where it got the information. Calls to Altinhas, an Istanbul-based company with interests in retail, construction and finance, weren’t immediately returned.