"Turkey blocks Greece bank from buying Turkish stake
August 9, 2007
ANKARA -- Turkey's banking watchdog said that it has blocked the sale of a 50-percent stake in Alternatifbank to Greece's Alpha Bank on the grounds that the Greek bank did not meet legal requirements.
'Our agency has not authorized the transfer of shares in light of the fact that Alpha Bank does not meet all of the requirements listed in Article 8 of the banking law,' the Banking Regulation and Supervision Agency (BDDK) said in a statement received Thursday."
More:Turkey blocks Greece bank from buying Turkish stake - Business - Middle East Times
