Sunday, August 5, 2007

Qatar bank's $6.1 Ahli United takeover bid stalls

(Reuters) - International Bank, an affiliate of National Bank of Kuwait , said shareholders were insisting that a third party and not the Qatari firm have access to the books of Bahrain's biggest lender, and that due diligence be limited to one month rather than three.




"IBQ confirmed that they have been in discussions with certain shareholders of AUB but these discussions have stalled," International Bank said in a statement.


Read more at Reuters.com Business News

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