GE (GE) is in talks to sell its 20.85% stake in Turkish lender Garanti Bank (TKGBF.PK) to Banco...

|By:, SA News Editor

GE (GE) is in talks to sell its 20.85% stake in Turkish lender Garanti Bank (TKGBF.PK) to Banco Santander (STD), according to Turkish media reports. GE's $3.3B stake would provide a rare opportunity to buy into Turkey's resilient banking sector. (see also)