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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar fund to invest in Greece bank merger

Posted on 29 August 2011

Qatar Investment Authority is expected to be involved in the new entity that will come out from the merger between Greece’s Eurobank and Alpha Bank. The merger will have assets worth “150 billion Euros ($214 billion), 8 million clients, 80 billion euros of deposits,” a banking source involved in the deal, according to a Reuters article.
“The Qatar fund will participate in the new entity through a rights issue,” said the official, who declined to be named. “Qatar will be one of the major shareholders in the new entity.”………………………………………Full Article: Source

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