BANKING - QNB makes higher offer for Dexia’s Denizbank

www.gulf-times.com - Qatar National Bank has made a higher bid for Denizbank, the Turkish unit of stricken Belgian lender Dexia, after earlier talks stalled over price, four sources familiar with the matter said.
“The bid has been re-activated, and is on the table,” said one source. “The new offer is closer to what Dexia is expecting,” he added, saying that QNB’s original offer had been dismissed as too low.

The Gulf bank quickly has emerged as the most likely buyer, another source familiar with the matter said yesterday.
“The process is ongoing. Whether it happens or not, it will take a long time. The bid has gone up and down,” the person added.  (source)