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Islamic Finance Briefing - Categorized | Banking, Investment, Market Moves more

Qatar bank eyeing acquisitions

Posted on 30 August 2010

From Zawya.com: Qatar First Investment Bank (QFIB) plans to spend $500 million (Dh1.8 billion) on acquisitions in Turkey’s energy and finance industries, chairman Abdullah Bin Fahad Bin Ghorab Al Merri said.

He was speaking at a news conference in Istanbul where the Doha lender said it partnered with London private equity house Argus Capital to acquire a 40 per cent stake in Turkey’s Memorial Health Group (MHG). Each will hold a 20 per cent stake, he said…………………………………….Full Article: Source

 
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