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Qatar bank to buy majority stake in Turkey’s Alternatifbank
Commercial Bank of Qatar has agreed to buy a 70.8 per cent stake in Turkish lender Alternatifbank, underscoring Gulf Arab lenders’ appetite to expand into Europe’s fastest growing economy. CBQ, the Gulf state’s third-largest bank by market value, began talks in December with Alternatif’s parent Anadolu Holding for the purchase, seeking…
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Click here to read the full story: Gulf News