ISTANBUL (Reuters) - A block sale or a partial block sale and a second public offering are options for General Electric Co"s (GE.N) divestment of its 20.85 percent stake in Turkey"s Garanti bank, Milliyet newspaper reported on Thursday.
Last week, GE sources said the conglomerate wished to sell its stake in Garanti, worth $3.3 billion.
Milliyet said 10-15 percent of Garanti could be offered as a block sale with the remainder of GE"s stake sold as a public offering. The paper said there were eight interested parties.
Garanti declined to comment on the report.
"A lot of investors would be interested in acquiring stocks via a public offering. The bank"s value has risen a lot. A lead stake could be given to one buyer and a certain amount of shares could be offered to the public," Milliyet quoted an unspecified source as saying.
JP Morgan has been mandated for the sale, an investment banking source told Reuters last week.
Spanish bank Banco Santander (SAN.MC) has been named as a potential buyer. Milliyet said Spain"s BBVA (BBVA.MC) was also interested and also Italy"s Intesa.
Turkish conglomerate Dogus Group owns a 30.5 percent stake in the bank, while 48.6 percent is publically owned.
(Writing by Alexandra Hudson; Editing by Dan Lalor)
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