It was claimed that First Abu Dhabi Bank and Koç Holding were in negotiations for the sale of Yapı Kredi. The claim had a positive impact on the shares of both Koç Holding and Yapı Kredi.
One of the most popular private banks in Turkey Construction loans There was a remarkable development regarding the issue. Reuters, the bank serving under Koç Holding Negotiations were held for the sale He claimed. According to sources, First Abu Dhabi Bank is interested in acquiring Yapı Kredi.
According to the news based on sources familiar with the matter, Koç Holding has agreed to buy 61.2% of Yapı Kredi’s shares. $8.5 billion wanted. However, First Abu Dhabi Bank’s offer $7.5 billion It was claimed to be. With this acquisition, Yapı Kredi, which currently has a valuation of $9 billion, $13 to $14 billion It is thought that the valuation will be reached.
Even the news worked: Shares started to rise!
Reuters’ claim excited Borsa Istanbul investors. Because with the spread of the news, Yapı Kredi shares 6.7 percentKoç Holding shares increased by 9 percent. However, First Abu Dhabi Bank was not affected by this decision. Meanwhile; Both parties have an opinion on the matter you didn’t make a statement let’s point out.
What we can say about the allegations of the sale of Yapı Kredi that’s all for now. We will inform you again in case of any new developments on the subject.
Source :
https://www.reuters.com/markets/deals/emirati-bank-fab-advanced-talks-buy-turkeys-yapi-kredi-sources-say-2024-05-21/