First Abu Dhabi Bank (FAB) is reportedly planning a major acquisition of Turkey’s Yapi Kredi for an estimated value of around $8 billion, according to sources familiar with the deal. This move signifies a strategic expansion into the Turkish banking sector for the Emirati bank. If completed, this acquisition would mark one of the largest deals in the region, showcasing FAB’s ambition to broaden its geographical footprint. The proposed deal also illustrates the financial strength and expanding influence of FAB in the M&A landscape.
Banking, Mergers and Acquisitions,United Arab Emirates, Turkey
https://www.zawya.com/en/multimedia/videos/video-emirati-bank-fab-plans-to-acquire-turkeys-yapi-kredi-oqs3wt04