Dexia completes $3.9 bn sale of Turkish unit
Paris - AFP
Franco-Belgian bank Dexia said on Friday it had finalised the sale of its Turkish unit DenizBank to Russia's Sberbank for approximately 3.0 billion euros ($3.9 billion). The deal, agreed in June, will result in Dexia suffering a loss of 744 million euros, which it will book in the third quarter of this year. Dexia said the proceeds of the deal will be used to reduce debts to Belfius, its former retail operations in Belgium that were rescued by the state at the end of 2011. First bailed out in 2008 amid the global financial crisis, Dexia was not able to survive subsequent turmoil created by the eurozone debt crisis and in October the three eurozone countries stepped in to wind up the bank.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard printGMT 09:13 2011 Thursday ,23 June
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