Four Potentıal Buyers Interested In Ge's Garantı Stake
Four potential buyers are interested in General Electric Co.'s (GE) stake in Turkish private lender Garanti Bank AS (GARAN.IS), Turkish daily Sabah reported Monday.
In February, General Electric said it is assessing strategic options for its 20.85% stake in Garanti Bank.
The four potential buyers include Qatar Investment Authority, National Bank of Kuwait, Volkswagen Financial Services, affiliated with Volkswagen Dogus Finans (DOAS.IS)Spanish Banco De Sabadell SA(SAB.MC), the daily reported without citing sources.
At 1335 GMT, Garanti shares were trading 1.37% higher at TRY7.40, amid a 1.09% higher overall Istanbul market.
(YC-YC-E-ENG)