Announced
Financials
Tags
Majority
Cross Border
banking
Oman
Public
Single Bidder
Friendly
commercial banks
Banks
Acquisition
Failed
Synopsis
Commercial Bank, a Qatar-based banking solutions provider, terminated a $128m deal to acquire an additional 15.2% stake in National Bank of Oman, a provider of retail and commercial banking services. The deal will maintain Commercial Bank's position as National Bank of Oman's largest shareholder, with a stake of 50.1%, ahead of the government of Oman's 26.18% stake.
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