Acquiring Company
Consortium led by Abu Dhabi state-owned enterprises
Acquired Company
Odeabank
Abu Dhabi
TurkeyFinancial ServicesFinancial ServicesFinanceLendingDescription
Abu Dhabi’s investment and holding company, ADQ, has signed an agreement with Bank Audi to purchase 96 percent of the share capital in Odeabank, the Turkish subsidiary of the Lebanese institution. This acquisition is aligned with ADQ’s strategic commitment to enhancing innovation within the financial services sector and reinforces its commitment to investing in assets that lay the foundation for the sustainable development of its portfolio companies as well as the wider economy.
Quick answer
Consortium led by Abu Dhabi state-owned enterprises is acquiring Odeabank, announced October 16, 2024. Consortium led by Abu Dhabi state-owned enterprises is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.
- How much did Consortium led by Abu Dhabi state-owned enterprises pay for Odeabank?
- The deal value was not disclosed.
- What does Consortium led by Abu Dhabi state-owned enterprises do?
- A group of government-owned companies focusing on various sectors including energy.
- Where are Consortium led by Abu Dhabi state-owned enterprises and Odeabank based?
- Consortium led by Abu Dhabi state-owned enterprises is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates. Odeabank is based in Turkey.
Source: Fundz verified event record.
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Who to call at Consortium led by Abu Dhabi state-owned enterprises, and when
When Consortium led by Abu Dhabi state-owned enterprises changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Consortium led by Abu Dhabi state-owned enterprises raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Consortium led by Abu Dhabi state-owned enterprises, from your own LinkedIn network
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Frequently asked
Who acquired Odeabank?
Odeabank was acquired by Consortium led by Abu Dhabi state-owned enterprises, based in Abu Dhabi. The deal was reported on October 16, 2024. A group of government-owned companies focusing on various sectors including energy. The consortium is pursuing strategic acquisitions in the global market. Consortium led by Abu Dhabi state-owned enterprises is privately held and operates in Financial Services.
When did Consortium led by Abu Dhabi state-owned enterprises acquire Odeabank?
Consortium led by Abu Dhabi state-owned enterprises's acquisition of Odeabank was reported on October 16, 2024. Abu Dhabi’s investment and holding company, ADQ, has signed an agreement with Bank Audi to purchase 96 percent of the share capital in Odeabank, the Turkish subsidiary of the Lebanese institution. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Odeabank do?
Odeabank is the 13th-largest private financial institute in Turkey by loans and deposits, with a focus on commercial lending and expanding retail and wealth management services. It has about 1,300 employees and 41 branches in 15 cities. It is privately held, operating in Financial Services, and is based in Turkey.
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