Qatar First Bank sells 20 pct stake in Memorial Health Group -statement | Reuters

Qatar First Bank sells 20 pct stake in Memorial Health Group -statement | Reuters:

Qatar First Bank sold its 20 percent stake in Turkey’s Memorial Health Group to majority shareholder Turgut Aydin and his family, Memorial said in a statement on Thursday.

Aydin and his family now own 80 percent of the shares in the group, it said, adding that the other 20 percent share belongs to U.K.-based Argus Capital.

The shares will be transferred after the deal is approved by Turkey’s competition authority, it said.