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Sberbank mulls Denizbank bid
Russia’s top lender Sberbank is taking another look at Denizbank, put up for sale by stricken Belgian lender Dexia. Last year, Sberbank dropped out of the race for Denizbank, now worth $6bn, as it focused on integrating its acquisitions of Russian brokerage Troika Dialog. But now that talks with Qatar National Bank (QNB) over the sale of Denizbank have stalled over price, Sberbank is keeping an eye on negotiations. “We are interested in entering the (Turkish) market and are also looking at Denizbank. But we are not in talks at the moment,” a Sberbank spokeswoman said. However, reports suggested that QNB has raised its offer, meaning Sberbank could be left in the cold.