Friday, 19 July 2019 10:00 GMT
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Qatar- Commercial Bank initiates squeeze-out process of ABank




(MENAFN - The Peninsula) Commercial Bank have initiated a formal squeeze-out process to acquire additional shares of Turkish bank Alternatifbank AS, Turkey (ABank). Currently, Commercial Bank holds 74.25 percent shares of ABank. Anadolu Endüstri Holding holds 17.21 percent shares and of ABank and Anadolu Motor Üretim ve Pazarlama holds7.79 percent shares of the bank.

"Commercial Bank have initiated a formal squeeze-out process on July 1, 2014 pursuant to which it will acquire a further 0.75 percent shares of ABank from the Bourse Istanbul", the bank said yesterday in a regulatory filing to Qatar bourse. Commercial Bank's shares traded 1.57 percent down to QR68.90 on Qatar Exchange yesterday.


Qatar- Commercial Bank initiates squeeze-out process of ABank

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