M&A

QNB takes Ecobank stake

QNB takes Ecobank stake

  • Qatari bank buys 12.5% shareholding in pan-African lender.
     
  • Shares are sold by Asset Management Corporation of Nigeria, which took stake after Ecobank's takeover of Oceanic Bank.
     
  • QNB is now the largest shareholder in Ecobank behind South Africa's Public Investment Corporation.