Restatement of agreement for the proposed sale and purchase of 99.85% of the shares in Denizbank A.S. signed between Emirates NBD and Sberbank of Russia
3rd April 2019, Moscow, Dubai - Emirates NBD Bank PJSC ("Emirates NBD") and Sberbank of Russia ("Sberbank") refer to the announcement dated 22 May 2018 relating to the proposed acquisition of 99.85% of the shares in Denizbank A.S. ("Denizbank") pursuant to a sale and purchase agreement which was signed between Emirates NBD and Sberbank on 21 May 2018 ("SPA").
Emirates NBD and Sberbank announce that the SPA with revised terms was signed on 2nd April 2019 ("Restated SPA"). Under the Restated SPA, the total consideration for 99.85% of the shares in Denizbank has been agreed at Turkish Lira (TRY) 15.48 billion. Denizbank equity capital amounts to TRY 15.51 billion under consolidated BRSA at 31st December 2018. The transaction is expected to complete by the end of Q2 2019, subject to obtaining the required regulatory approvals.
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|ISIN:||US80585Y3080, RU0009029540, RU0009029557, US80585Y4070|
|OAM Categories:||2.2. Inside information|
|EQS News ID:||795153|
|End of Announcement||EQS News Service|