Standard Chartered frontrunner to buy Oyak Bank - UPDATE |
|
|
|
Published
:
Fri, 19 Jan 2007 10:25
|
(adds that Standard Chartered declined to comment, share price)LONDON (AFX) - Asia-focused bank Standard Chartered PLC declined to comment on a Financial Times report that it is the frontrunner to buy medium-sized Turkish lender Oyak Bank, in a deal potentially worth up to 2 bln usd (1 bln stg).Standard Chartered has been in talks with Oyak Bank for several months and people familiar with the deal said no formal agreement was imminent, the newspaper said.However, the talks are a sign that Standard Chartered continues to pursue deals in emerging markets following the elevation of Mervyn Davies to chairman, the article added.At 9.07 am, shares in Standard Chartered were up 1 pence at 1462.newsdesk@afxnews.comml/ks/af/mn/amCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2630.24 |
+33.88 (
1.30 %)
|
| SYMBOL (
2007-09-28 ) |
| LAST |
CHANGE
|
|
LONMIN
(
11:35am )
|
|
3649.00 |
+251.00 (
7.28 %)
|
|
CARNIVAL
(
11:35am )
|
|
2374.00 |
+157.00 (
7.07 %)
|
|
RIO TINTO
(
11:35am )
|
|
3528.00 |
+65.00 (
1.89 %)
|
| SYMBOL (
2007-09-04 )
|
| LAST |
CHANGE
|
| SYMBOL (
2007-09-04 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Standard Chartered frontrunner to buy Oyak Bank - report 