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31.08.2020 • News

Industries Qatar Pays $1 Billion for Qafco Stake

The board of Industries Qatar (IQ) has approved the purchase of Qatar Petroleum’s (QP) 25% stake in Qatar Fertiliser Company (Qafco) for $1 billion, giving it full control of the fertilizer producer. Qafco also owns 70% of Gulf Formaldehyde Company and 60% of Qatar Melamine Company (QMC).

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