Carlos Torres Vila
BBVA places $2.6 billion bid to gain ownership of Garanti
The Spanish bank that owns a 49.85 percent share in Garanti BBVA launched a voluntary takeover bid yesterday for the rest of the stakes in the Turkish lender at a price of 12.20 Turkish Liras ($1.22) per share.
Spain's BBVA seeking another Turkish lender to buy: CEO
Spain's BBVA, which has a majority stake in Turkey's Garanti Bank, is looking to buy another bank in the country, BBVA chief Carlos Torres Vila has said.
BBVA is not actively in talks as there are no banks for sale, but Turkey is a strategic market, he said. "We want to grow in Turkey. We want to acquire another lender that will bring value to Garanti."