"Dexia buys into fast-growing Turkish market
By Vincent Boland in Ankara
Updated: 7:40 a.m. ET May 31, 2006
Dexia, the Franco-Belgian banking group, is paying nearly $2.5bn to buy a majority stake in Turkey's Denizbank, becoming the latest foreign acquirer in a fast-developing banking market.
Dexia follows National Bank of Greece, BNP Paribas, Unicredit and other European banks into the Turkish market to take advantage of an economy that is growing at a much faster pace than their home markets."
More:Dexia buys into fast-growing Turkish market - Financial Times - MSNBC.com
