Emirates NBD announced the signing of an agreement to acquire 99.85% of the shares of Turkish Denizbank for 15.5 billion liras, equivalent to 2.75 billion dollars.

According to CNBC Arabia, the deal is expected to be completed by the end of the second quarter of 2019, subject to obtaining the necessary regulatory approvals.

According to CNBC Arabia.

The Emirates Bank announced this morning that it has signed an agreement with the Russian Bank Speer to buy more than 99% of its shares in the Turkish Bank according to the conditions amended yesterday, Tuesday.

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In late May, the Emirates Bank revealed the conclusion of a final agreement with the Russian bank, according to which it would acquire the full stake of its Russian counterpart in Turkey's Denizbank.

The Emirates NBD share interacted in the Dubai market today, climbing to its highest levels in more than 10 years, following the amendment of the Turkish bank acquisition agreement.

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