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QNB to buy 24% of UAE bank
- Qatar: Wednesday, August 27 - 2008 at 14:17
Qatar National Bank plans to buy a 23.77% stake in Dubai-based Commercial Bank International, reported Reuters. Qatar National said it proposed to buy 297.69 million shares in Commercial Bank to diversify revenues. A 24% stake in CBI would be worth just over Dhs1bn ($272.3m), based on Tuesday's closing share price.
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Jeff Florian, Senior ReporterWednesday, August 27 - 2008 at 14:17 UAE local time (GMT+4)
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