18.01.2012 - Qatar's QNB eyes major stake in Moroccan bank
Qatar National Bank, the Gulf countryís biggest lender, signed an agreement to buy a majority stake in the Morocco-based Union Marocaine des Banques, according to astatement by the Doha lender on Tuesday. The acquisition is subject to the approval of regulators in both countries and is part of Qatar Nationalís strategy to expand its presence in Africa, where it already operates in Sudan, South Sudan, Libya, Tunisia, Algeria and Mauritania, the lender said in the statement...............................................Full Article: Source
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