Finance
Abu Dhabi Wealth Fund ADQ Said to Eye Bank Audi’s Turkish Unit
This article is for subscribers only.
An Abu Dhabi sovereign wealth fund is in talks to buy Turkish lender Odeabank, according to people with knowledge of the matter, as United Arab Emirates-based entities hunt for growth opportunities overseas.
The $249 billion fund ADQ has been in discussions to acquire the lender owned by Lebanon’s Bank Audi SAL over the past few months, the people said, asking not to be identified as the information isn’t public.