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Commercial Bank of Qatar becomes sole owner of Alternatifbank

Qatar-based Commercial Bank (Q.S.C.) completed the acquisition of the 25% stake in Alternatifbank AS that it did not already own by exercising a put option.

The stake in the Turkish bank was acquired from Anadolu Endustri Holding.

Commercial Bank of Qatar completed the acquisition of a 70.84% stake in Alternatifbank in July 2013 and an additional 3.4% stake via a public tender offer that concluded Sept. 27.