Azerbaijan’s Pasha Bank will acquire a controlling stake in TAIB Yatirim Bank in a bid to capitalise on trade and investment flows between Azerbaijan, Georgia and Turkey, it says. Pasha Bank has received regulatory approval to acquire a 79.2% stake in the Turkish bank from Aksoy Holding of Turkey for approximately US$80mn. “We see significant ...

We hope you enjoyed your 4 free articles on GTR’s website this month. If you want to read more high-quality journalism, please log in below to continue your access. If you are not a subscriber, you can sign up here for just £30 a month.