Thursday, July 1, 2010

Qatar in talks over Greek bank stake

The Qatar Investment Authority is in talks about taking a strategic stake in National Bank of Greece, the eurozone country’s biggest lender, FT reports. People familiar with the discussions say the Gulf state’s sovereign wealth fund, via its unit Qatar Holding, would acquire about 5-7 per cent of NBG, about €250m ($304m), in line with an investment policy of buying stakes below 10 per cent in financial institutions.