cbq buys 708 of turkish bank
Last Updated : GMT 09:07:40
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Last Updated : GMT 09:07:40
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CBQ buys 70.8% of Turkish bank

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Egypt Today, egypt today CBQ buys 70.8% of Turkish bank

Doha - KUNA
The Commercial Bank of Qatar (CBQ) has bought a 70.8 percent stake in Turkish lender Alternatifbank from its parent Anadolu Holding. CBQ, in a press statement Tuesday, said Alternatifbank's book value was around USD 328 million at end of December 2012, thus making the deal valued USD 460 million. CBQ said the purchase required approvals from regulators. It expected the purchase to finalize in the second half this year.
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cbq buys 708 of turkish bank cbq buys 708 of turkish bank



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