We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Control discount

30 March 2004 By Hugo Dixon

Normally acquirers have to pay a control premium. But the Italian bank is getting control of Garanti Bank for a near 40% discount. This will assuage concerns about Intesa’s expansion so soon after its previous foreign follies. But why are the Turks selling on the cheap?

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)