Iraq Business News: Qatar National Bank (QNB) Takes Over Iraq’s Al-Mansour

Iraq Business News

All the latest business news from Iraq

Oct 12th 2012, 12:45

By John Lee.

Qatar National Bank (QNB) has announced that it has taken control of Iraq’s Al-Mansour Investment Bank.

It acquired an additional 27.7 percent shareholding for a cash payment of QR425.4 million, bringing its interest in the bank to 50.8 percent.

The company said that goodwill of QR117.6 million has been determined on acquisition of this additional stake on a provisional basis.

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