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Financials

Dubai's Emirates NBD in early talks to buy stake in Turkey's Denizbank

DUBAI, Jan 30 (Reuters) - Emirates NBD, Dubai’s largest bank, said on Tuesday it had started initial strategic discussions with Russia’s Sberbank about a possible purchase of Sberbank’s stake in Turkey’s Denizbank.

The talks were at a very preliminary stage and there was no certainty that any transaction will be completed, the bank said, adding that a further announcement will only be made if there is a material development. (Reporting By Tom Arnold; Editing by Saeed Azhar)

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