Qatar National Bank, which is buying Societe Generale's Egypt arm for $2 billion, is looking at taking a majority stake in one of Turkey's top ten lenders, its chief financial officer said on Thursday.
QNB, which bid to bu
Russia's Sberbank on Friday clinched its largest deal, buying Turkey's DenizBank for 2.8 billion euros ($3.5 billion), expanding its footprint in emerging Europe and diversifying away from a home market that it dominates.
Qatar National Bank has made a revised, higher bid for Denizbank, the Turkish unit of stricken Belgian lender Dexia, four sources familiar with the matter said.
"The bid has been reactivated, and is on the table," said one source.
Mashreq Bank, Dubai's second-largest lender by market value, may be interested in Turkey's Denizbank if the price is right, Mashreq's chief executive Abdul Aziz Al Ghurair was reported by Turkey's Sabah newspaper as saying.
Qatar National Bank is weighing a potential bid for Denizbank , the fast-growing Turkish arm of euro-zone debt casualty Dexia in a deal potentially worth up to $6 billion, people familiar with the matter said.
QNB, 50 percent owned b