KUWAIT, Feb 23 (Reuters) - Burgan Bank,
which is said to be in talks to buy a 70-percent stake in
Turkish group Eurobank Tekfen, said it has not reached any deal
for a majority stake purchase.
Sources told Reuters on Wednesday the Kuwait lender had
reached a deal for Eurobank Tekfen, a partnership of Greek
lender EFG Eurobank and Turkish company Tekfen
.
"Burgan Bank denies any ownership of a significant stake in
a Turkish bank," the lender said in a statement to the Kuwaiti
bourse on Thursday.
The bank also said that it was studying some investment
opportunities, in line with its expansion plans, but did not
give specific details.
(Writing by Amran Abocar; Editing by Dinesh Nair)
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