Bank Asya says reports on ending exclusive talks with QIB do not reflect truth

ISTANBUL, July 3 Thu Jul 3, 2014 2:15am EDT

Related Topics

ISTANBUL, July 3 (Reuters) - Turkish Islamic lender Bank Asya said on Thursday reports that exclusive talks had ended with Qatar Islamic Bank (QIB) over acquiring a stake in the Turkish lender did not reflect the truth.

Four sources close to the matter told Reuters that QIB and Bank Asya had ended exclusive talks over QIB acquiring a stake in Bank Asya, with valuation concerns said to be behind the decision.

(Reporting by Seda Sezer; Editing by Daren Butler)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.