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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Qatari bank still in talks for Turkey’s DenizBank

Posted on 30 January 2012

Qatar National Bank says it remains in merger talks with the Turkish division of troubled Franco-Belgian lender Dexia, though no deal has been reached yet. Qatar’s sovereign wealth fund, the Qatar Investment Authority, controls QNB through a 50 per cent stake.
Chairman Yousef Kamal told reporters gathered for a bank meeting Sunday that the state-backed lender would consider taking over DenizBank if the price is right. He didn’t elaborate………………………………………..Full Article: Source


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