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Abu Dhabi sovereign wealth fund ADQ announced Tuesday a definitive agreement to acquire 96% of the share capital of Odeabank, the subsidiary of Lebanon's Bank Audi in Türkiye....

Daily Sabah

Turkey

Abu Dhabi's ADQ acquires 96% stake in Türkiye-based Odeabank

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Turkuvaz Media Group

Abu Dhabi-based ADQ has agreed with Bank Audi to acquire 96% of Odeabank, Bank Audi’s arm in Turkey. In addition, Bank Audi and other investors, which include International Finance Corporation, IFC FIG Investment Company Sàrl, and the European Bank for Reconstruction and Development (EBRD), have agreed to sell their respective interests in the share capital of Odeabank to ADQ. Odeabank has a strong brand and a scalable, hybrid operating model, w…

Private Banker International

ADQ agrees with Bank Audi for Odeabank stake

Abu Dhabi-based investment and holding company ADQ has entered into a definitive agreement to acquire a 96% stake of Odeabank, the Türkiye-based subsidiary of Lebanon’s Bank Audi.   Financial terms of the transaction were not disclosed.   This strategic acquisition will see ADQ expanding its footprint in the financial services sector.  Bank Audi, along with other investors including the International Finance Corporation, IFC FIG Investment Compa…

Retail Banker International

ADQ agrees to acquire majority stake in Türkiye's Odeabank

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Abu Dhabi's ADQ acquires 96% stake in Türkiye-based Odeabank

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