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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Qatari bank eyes majority stake in Moroccan lender

Posted on 20 January 2012

Qatar National Bank says is planning to buy a majority stake in Morocco-based lender Union Marocaine des Banques as it looks to expand its presence in Africa.
State-backed QNB said Wednesday the deal must still be approved by the UMB’s board and regulators. Financial details weren’t provided. Qatar’s sovereign wealth fund, the Qatar Investment Authority, controls QNB through a 50 percent stake………………………………………..Full Article: Source


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