Sberbank agrees to buy DenizBank from Dexia

摘要

Sberbank has agreed to buy DenizBank, the Turkish unit of Dexia, in a deal worth T16.47bn ($3.56bn), in a move that sees the Russian bank expand its international footprint. The sale comes as Dexia has been forced to sell offits assets as part of its bailout agreements with the French and Belgian governments. The bank said that the disposal represented a major milestone in the orderly resolution plan that was initiated in October 2011.