Monday, June 18, 2007

ING Agrees to Buy Oyak Bank for $2.67 Billion, Adding Branches in Turkey

(Bloomberg) -- ING Groep NV, the Netherlands'
biggest financial-services company, agreed to buy Oyak Bank
of Turkey for $2.67 billion.

Oyak Bank has 1.2 million ``active retail customers''
and 360 branches in Turkey, Amsterdam-based ING said in a
statement sent via Hugin today.


Read more at Bloomberg Emerging Markets News

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