Commercial Bank plans tender offer

Commercial Bank plans tender offer

Published: July 29, 2013

Qatari lender aims to acquire last public stake in Turkey's Abank.

Commercial Bank of Qatar has applied to regulators to launch an offer for the remaining 4.16% publicly held stake in Alternatifbank (ABank), a Turkish lender.

The offer follows news that Commercial Bank has completed its acquisition of a 70.84% shareholding in ABank, announced in March.