Qatar in talks to acquire major shares in seven European lenders
- Qatar: Monday, October 29 - 2012 at 07:53
Qatar is considering buying major stakes in investment banks in Europe, Al Arabiya has reported. Negotiations are underway with seven banks suffering from accumulated financial crises due to economic recession in Europe, the report said. "Europe suffers from economic recession and aims at attracting foreign investors, and Qatar is one of the countries that can benefit from these opportunities," Basheer Al Kahlout, an economist told the Dubai-based TV.
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