Sberbank of Russia confirms that it has commenced initial strategic discussions with Emirates NBD Bank PJSC regarding Denizbank A.Ş., including the possibility of Emirates NBD acquiring Sberbank's existing shareholding in Denizbank.
Discussions are at a very preliminary stage and there is no certainty that any transaction will be entered into.
Sberbank routinely evaluates potential opportunities in different markets and a further announcement will only be made if there is a material development.
Sberbank
Date: 30.01.2018
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