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Denizbank says talks continue on acquiring Citi's Turkish retail unit
March 11, 2013 / 7:01 AM / 5 years ago

Denizbank says talks continue on acquiring Citi's Turkish retail unit

ISTANBUL, March 11 (Reuters) - Turkey’s Denizbank said on Monday that talks with Citigroup over the acquisition of its consumer banking unit in Turkey continue.

Denizbank made the statement to the Istanbul Stock Exchange. Sources told Reuters on Friday that Citigroup is in exclusive talks with Denizbank over the sale of the unit.

Denizbank, one of Turkey’s top 10 lenders by assets, was acquired last year by Russia’s Sberbank.

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