ING plans to sell its Turkish brand

I

ING is considering selling its Turkish activities. The Bloomberg news agency reports it based on the insider information.

The bank is said to have had exploratory talks with advisors about the divestment of its Turkish part. The bank also approached a Turkish counterpart at the end of last year to gauge the interest in a takeover. Sources emphasize to Bloomberg that no final decisions have yet been taken.


By: Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email maurice.eisma@economicinform.com

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