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).
