Reuters, citing three anonymous persons with knowledge of the situation, said earlier this week that FAB is in advanced negotiations over the possible acquisition of the share at a valuation of about $8 billion.

As an investment holding company, we may engage in negotiations with relevant parties in order to explore viable options about our portfolio, Koc Group has subsequently replied to media speculation around the talks this week.

The statement goes on to say, "There is no development that requires us to make a public disclosure, even though preliminary discussions are ongoing regarding the subject matter of the news in the media."

Following its statement that "all parties not to give credit to any information other than those announced by our company," Koc Group further states that "the information regarding the transaction details mentioned in the news do not reflect the truth."

Since 2005, the business has retained a holding in Yapi Kredi; initially, it obtained a 57% share through a joint venture with the Italian bank Unicredit. Later, in November 2019, Unicredit left the joint venture, and two years later, Koc bought up its remaining bank interests.

Regarding its involvement in the proposed transaction, FAB has not replied to FinTech Futures' inquiry.