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QNB receives green light for SocGen Egypt takeover
- Qatar: Monday, February 25 - 2013 at 16:57
The Qatar Exchange 20 Index declined 0.46% to 8,653.07 Monday. The Middle East's largest bank by assets Qatar National Bank lost 0.46% to close at QR129.40. Earlier in the day, the lender said it has obtained the necessary approvals from regulatory authorities in Qatar and Egypt to acquire up to 100% of National Société Générale Bank-Egypt (NSGB) through a Public Tender Offer (PTO) covering Société Générale's stake and all other shareholders' stakes. The PTO starting and closing dates are 26 February 2013 and 25 March 2013 respectively.
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Gérard Al-Fil, Financial JournalistMonday, February 25 - 2013 at 16:57 UAE local time (GMT+4)
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