Emirates NBD has confirmed the news clipping published on Wednesday, 17 July, regarding the comment made by the CEO of Sberbank, Herman Greif.
The CEO hoped that the bank’s acquisition of Denizbank, the Turkish bank, would be concluded by the end of July. Furthermore, Greif requested additional information on the date this deal would be sealed on as well as the amount and timing of the expected financial impact of finalising this takeover, Emirates NBD disclosed in a statement to the Dubai Financial Market (DFM) on Thursday.
Emirates NBD confirmed that it has made all necessary relevant disclosures through both the DFM and a press release.
“Emirates NBD and Sberbank announce that the sale purchase agreement with revised terms was signed on 2 April 2019,” the bank stated, adding, “Under the restated sale purchase agreement, the total consideration for 99.85% of the shares in Denizbank has been agreed at Turkish Lira 15.48 billion.”