Wednesday 11 April 2012

UPDATE 1-Qatar boosts offer for Dexia's Turkish unit-sources - Finance News - London South East

Qatar National Bank has made a higher bid for Denizbank, the Turkish unit of stricken Belgian lender Dexia, after earlier talks stalled over price, four sources familiar with the matter said.

'The bid has been reactivated, and is on the table,' said one source.

'The new offer is closer to what Dexia is expecting,' he added, saying that QNB's original offer had been dismissed as too low.

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