Commercial Bank of Qatar QSC, the Persian Gulf country’s second-biggest bank, will start talks to buy Alternatifbank AS of Turkey, said Anadolu Group, Alternatifbank’s owner.
The negotiations with Doha-based CBQ are over the sale of a majority stake, Anadolu Group said in a filing to the Istanbul Stock Exchange on Monday.
The talks are expected to last about 2.5 months and the group, which owns 96 per cent of the bank, will retain a minority shareholding, chairman Tuncay Ozilhan told Bloomberg HT television.
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