Emirates NBD (ENBD) and Sberbank of Russia have signed a restated sale and purchase agreement (SPA), under which, the total consideration for 99.85 per cent of the shares in Denizbank has been agreed at 15.48 billion lira ($2.7 billion).

Denizbank equity capital amounts to 15.51 billion lira under consolidated Banking Regulation and Supervision Agency (BRSA) at December 31, 2018. The transaction is expected to complete by the end of the second quarter (Q2) of 2019, subject to obtaining the required regulatory approvals. – TradeArabia News Service