ISTANBUL, Feb 23 (Reuters) - Turkish group Eurobank
Tekfen, a partnership of Greek lender EFG Eurobank and
Turkish company Tekfen, said the process of selling a
70 percent stake in the bank was continuing, Milliyet newspaper
reported on Thursday.
"Nothing has become definite in the sale process of our
bank's shares," chairman Mehmet Erten was reported as saying by
the paper. "God willing, it will be concluded soon."
Sources with knowledge of the deal had told Reuters on
Wednesday that Kuwaiti group Burgan Bank had reached a
deal to buy the 70 percent stake.
EFG Eurobank, Greece's second-largest lender, said in July
it had begun talks to sell a majority stake in Eurobank Tekfen
as it sought to safeguard its balance sheet against debt losses.
In December, Eurobank Tekfen said talks with three potential
buyers were continuing.
(Writing by Daren Butler; Editing by Dan Lalor)
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