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Word on the street is that Freedom Holding, the Kazakh financial powerhouse, is in serious talks to acquire TurkishBank. Multiple sources close to the matter are confirming these negotiations are underway.
This could be a pretty significant move in the regional banking landscape if it goes through. Freedom Holding has been expanding aggressively lately, and scooping up TurkishBank would definitely strengthen their footprint.
No official statements yet from either side, but insiders seem confident the discussions are progressing. Worth keeping an eye on how this develops – cross-border financial consolidation always brings interesting implications for the broader market.