BBVA is buying a further 9.95 % of Turkey 's share Bank from Dogus Holding for € 859 m ( $ 650 million ) , which brings its total stake in the bank to just under 50 % . The deal still needs approval from Dogus 's shareholders , although the Spanish bank stated in a statement it was expecting confirmation in the first quarter of the year . Under the deal , Dogus 's stake in Garanti would be reduced to 50 % .
BBVA is buying a further 9.95% of Turkey's Garanti Bank from Dogus Holding for €859m ($905m), which brings its total stake in the bank to just under 50%. The deal still needs approval from Dogus's shareholders, although the Spanish bank said in a statement it was expecting confirmation in the first half of the year. Under the deal, Dogus's stake in Garanti would be reduced to 0.05%.