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BBVA acquires 14.89% of Garanti from Dogus, strengthening growth profile

BBVA has agreed to acquire an additional 14.89% of Turkiye Garanti Bankasi from its partner Dogus Group for a maximum of 5.57 billion Turkish lira (¤1.99 billion). It thus becomes the leading shareholder in Turkey’s biggest bank by market capitalization. From 18:30h you can follow the webcast regarding the agreement.

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