Tuesday 18 October 2011

Exclusive: Qatar bank stalks Dexia's Turkish arm | Reuters

Qatar National Bank QNBK.QA is eyeing Denizbank (DENIZ.IS), the fast-growing Turkish arm of euro zone debt casualty Dexia (DEXI.BR), in a deal potentially worth up to $6 billion, people familiar with the matter said.

QNB, 50 percent owned by sovereign wealth fund Qatar Investment Authority, would be the latest Qatari interest in Dexia's assets after the Gulf state's royal family last week bought Banque Internationale Luxembourg, a private bank.

The al-Thani royal family also runs investment groups including QIA, which has invested in European banks including Barclays (BARC.L) in the past.

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