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By most accounts, Dubai's biggest bank got a good deal when it agreed to buy Turkey's Denizbank AS for $3.2 billion.The purchase is both Turkey's largest M&A deal since 2012 and the Dubai bank's biggest acquisition.Emirates NBD closed up 8.4 percent to 10.7 dirhams in Dubai. The lender has gained 30 percent this year and is the best performer among 37 members of the DFM General Index, which is down close to 12 percent in 2018 .Denizbank, which mainly offers retail and corporate banking as well as loans to the agriculture and tourism industries, posted a first-quarter net profit of 603.6 million lira ($131 million).
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