Raiffeisen's Offer for Garanti Valued at 1.2 Times Book Value

Raiffeisen has proposed a deal to acquire Garanti, offering approximately 1.2 times its book value. Bloomberg posted on X, detailing the financial terms of the offer, which highlights Raiffeisen's interest in expanding its portfolio. The acquisition is part of Raiffeisen's strategic efforts to strengthen its position in the market. The offer reflects the bank's confidence in Garanti's potential and its commitment to growth. This move is seen as a significant step in Raiffeisen's expansion strategy, aiming to enhance its market presence and capitalize on new opportunities.