In continuation of its international expansion and growth strategy, the Qatar National Bank (QNB) has announced its acquisition of an additional 11 per cent stake in Ecobank Transnational Incorporated (ETI).
A statement from QNB said the bank acquired 2,047,877,260 ordinary shares of ETI yesterday. This brings the total investment by the Doha-based bank in ETI to 23.5 per cent, thereby making it the largest investor in the pan-African bank.
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