Turkey’s Anadolu Holding plans to complete the sale of its 75 per cent stake in Turkey’s Alternatifbank to the Commercial Bank of Qatar by March 15, Chairman Tuncay Ozilhan said on Tuesday. Anadolu said last month it would start talks on the sale with the Commercial Bank of Qatar. Anadolu Holding has a 77.7 per cent direct stake in Alternatif, while 4.16 per cent is publicly traded.
The Qatari bank is looking to spend between $400 million and $500 million for the stake in a deal expected to be completed by March, according to a person familiar with the matter.
Qatar to complete Alternatifbank transaction | GulfNews.com
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