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28

Erdogan Adviser Says Turkey Should Consider Buying Deutsche Bank

By Tony Seruga

Plan would turn Germany’s largest lender into ‘Turkish Bank’
Wealth fund or state bank conglomerate could buy, Bulut says

Deutsche Bank AG’s crashing share price is prompting takeover speculation from unexpected places.

Yigit Bulut, a chief adviser to Turkish President Recep Tayyip Erdogan, said the country must consider using a new wealth fund or a group of state-owned banks to buy the Frankfurt-based company. Bulut made the proposal on Tuesday via his Twitter account, saying Germany’s largest lender should be made into a Turkish bank…

Erdogan Adviser Says Turkey Should Consider Buying Deutsche Bank

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