Qatari Bank Expands To Turkey With Majority ABank Stake

Law360, New York (March 18, 2013, 4:23 PM EDT) -- The Commercial Bank of Qatar QSC will swallow a 70.8 percent slice of Turkey's Alternatifbank AS in a deal worth double the stake's book value that gives the Gulf bank entry to a fast-growing market outside its existing geographic footprint, it said Monday.

An exact purchase price has not yet been given. Under the terms of the deal, CBQ will pay twice the stake's book value as determined on June 30. Based on ABank's worth at the end of 2012, the going price would be $464.4...
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