Turkey’s Koc Holding Terminates Talks to Sell Yapi Kredi Stake
Koc Holding was seeking a higher price than FAB was willing to offer.
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Koc Holding, the majority owner of in Yapi Ve Kredi Bankasi AS, said its no longer in dicussions to sell its stake in the Turkish lender.
First Abu Dhabi Bank PJSC had held preliminary talks to buy a controlling stake in the lender, though those discussions had been hamstrung by disagreements over price, Bloomberg News previously reported.