Bloomberg News

Garanti Denies Report of Plan to Buy Eurobank Tekfen, BHT Says

October 06, 2011

Oct. 6 (Bloomberg) -- Turkiye Garanti Bankasi AS, Turkey’s biggest listed bank, denied a report that it wants to buy lender Eurobank Tekfen, Bloomberg HT reported citing chief exceutive Ergun Ozen.

The report in Haberturk newspaper has “no bearing on reality,” Ozen said, according to the Istanbul-based news channel.

Garanti is one of several bidders for the bank, owned by EFG Eurobank Ergasias SA of Greece and Turkey’s Tekfen Holding, and is closest to making the purchase, Haberturk said without citing anyone.

To contact the reporter on this story: Mark Bentley in Istanbul at mbentley3@bloomberg.net

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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