Turkey's Papara agrees to buy T-bank from Bankmed, Arab Bank

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ISTANBUL, March 5 (Reuters) - Turkish fintech company Papara has signed an agreement to purchase T-bank (Turkland Bank), from its 50-50 shareholders Lebanese Bankmed SAL and Jordanian Arab Bank PLC, Papara said on Tuesday.

In its statement, the company did not disclose the price of the purchase and said the acquisition would be completed following banking watchdog and competition authority approvals.

(Reporting by Ceyda Caglayan;
Writing by Ezgi Erkoyun;
Editing by Daren Butler)

((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))

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