Turkish Koc Holding discusses potential sale of 61.2% stake in Yapi Kredi Bank to First Abu Dhabi Bank for around $8 billion.
Turkish conglomerate Koc Holding is discussing the potential sale of its banking subsidiary, Yapi ve Kredi Bankasi AS, with First Abu Dhabi Bank (FAB) in early-stage talks. FAB is reportedly in advanced talks to acquire Koc's 61.2% stake in Yapi Kredi for around $8 billion, which could be the latest Gulf investment in Turkey. The discussions have led to an increase in the value of Yapi Kredi and Koc Holding shares.
May 21, 2024
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