Qatar: The Qatar Exchange 20 Index added 0.81% to reach 9,549.87 points. Commercial Bank of Qatar, the country's second lender finished Thursday trading 1% higher at QR72.10. Earlier in the day, CBQ said it completed its acquisition of a 70.84% shareholding in Alternatifbank A.S. ("ABank") in Turkey from Anadolu Endustri Holding A.S. ("Anadolu"). CBQ said it will launch a mandatory tender offer to acquire the 4.16% of ABank's shares that remain in the public domain. Details of the tender offer will be announced in due course. "The transaction is based on two times book value at 30 June 2013, and expands CBQ's international footprint to four regional markets. Anadolu will retain a 25% stake in ABank, in addition to board representation." [AMEInfo.com]
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