Qatar Holding LLC is in talks to become a key investor in one of the U.K.'s biggest banks, the Sunday Times reports, without citing sources.
Qatar Holding, which has recently expressed an interest in Spanish banks and foreign lenders, has held talks about buying a stake in the U.K. arm of Banco Santander SA STD +4.94% ahead of a planned GBP15 billion initial public offering scheduled for the end of the year, the report says.
In October, it bought a 5% stake in Santander's Brazilian unit, Banco Santander Brasil, and in February Qatar's prime minister said they were interested in investing in Lloyds Banking Group PLC (LLOY.LN) and Royal Bank of Scotland Group PLC
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