Sunday, July 15, 2007

Qatar bank offers up to $6.1 bln for Ahli United

(Reuters) - International Bank of Qatar has offered to buy Ahli United Bank, Bahrain's largest lender by market value, for up to $6.1 billion in cash and stock, an Ahli United shareholder said on Sunday.

International Bank of Qatar, an affiliate of National Bank of Kuwait, is offering between $2.05 and $2.25 per share in cash for a 55 percent stake and the rest in stock, Kuwait's Tamdeen Investment Co. said.


Read more at Reuters Africa

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