A Dexia-owned bank in Turkey surges 20% on speculation it will be sold as part of a...

|By:, SA News Editor

A Dexia-owned bank in Turkey surges 20% on speculation it will be sold as part of a restructuring plan for Dexia after its rescue initiated by the French and Belgian governments. Denizbank was originally purchased in 2006 in an effort to cash in on Turkey's strong economic growth, but may fetch less for Dexia than it was purchased for in today's climate.