CBQ updates market on Alternatifbank takeover plans
- Qatar: Sunday, January 20 - 2013 at 14:28
In Doha, the Qatar Exchange 20 Index closed insignificantly higher at 8,625.33 points. The country's second lender Commercial Bank of Qatar gained 0.13%, finishing at QR75.20. Earlier in the day, CBQ said regarding the acquisition of a majority stake in Turkey's Alternatifbank A.S., negotiations for the acquisition of 75% of the shares were ongoing and were planned to be completed during March 2013. CBQ announced on Dec. 24 2012 that it had commenced negotiations with Anadolu Endustri Holding A.S. over the aforementioned takeover plans.
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