CHAIRMAN: DR. KHALID BIN THANI AL THANI
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Business / Qatar Business

CBQ completes Alternatifbank stake purchase

Published: 19 Jul 2013 - 03:03 am | Last Updated: 31 Jan 2022 - 10:33 am

DUBAI: Commercial Bank of Qatar (CBQ) yesterday said it had completed the purchase of a 70.84 percent stake in Turkey’s Alternatifbank. The transaction has received the assent of regulators in Qatar and Turkey, it said in the bourse filing. A tender offer to acquire 4.16 percent of bank shares traded publicly will be announced in due course, the statement added. Reuters