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Dubai's Biggest Bank Plans March Bid for Sberbank Unit

  • Emirates NBD is said to be asssesing an offer for Denizbank
  • Gulf banks are boosting Turkey presence with acquisitions
Updated on

Emirates NBD PJSC is preparing to submit a bid for Sberbank PJSC’s wholly-owned Turkish unit in March, people with knowledge of the matter said.

Dubai’s biggest bank is evaluating an offer for Denizbank AS, the people said, asking not to be identified because the talks are private. It could take several months before Sberbank decides whether or not to sell, they said.