Spanish bank BBVA said Tuesday it has agreed to acquire a 24.89 percent stake in Turkey's Garanti Bank for euro4.2 billion ($5.84 billion) in cash and run it jointly with the Turkish bank's main shareholder.
Kansas City Star: Business, Kansas City Star: Business
Tue, 11/02/2010 - 2:30am
Spanish bank BBVA said Tuesday it has agreed to acquire a 24.89 percent stake in Turkey's Garanti Bank for euro4.2 billion ($5.84 billion) in cash and run it jointly with the Turkish bank's main shareholder.