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Banking

Oyakbank deal may be announced shortly.

Oyakbank deal may be announced shortly. Oyakbank is in talks with more than one potential investor and a deal may be announced within ten days, an unnamed official from Oyak Group told Reuters. Oyakbank is owned by Oyak, a military pension fund. French Credit Agricole is one of the potential investors interested in Oyakbank, according to Reuters . French daily Les Echos also reported, two weeks ago, that Credit Agricole had made an offer for Oyakbank. Last month, Coskun Ulusoy, general manager of Oyak, said that the company would take a decision regarding the sale of Oyakbank by end-November. Oyak will either sell its entire stake in the bank or form a 50-50 partnership with the potential investor, according to the general manager.

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