Qatar bank denied bidding for shipyards

Myanmar News.Net
Monday 6th July, 2009

Qatar’s largest investment bank has denied buying the Gdynia and Szczecin shipyards in Poland.

While there had been rumours the bank had bought the shipyards, it has explained it was purely acting as an advisor to a potential buyer.

The Polish government last week announced that the shipyards had been sold last month to Qinvest, which was described as a Qatar investment fund.

QInvest released a statement on the weekend to say that it is not an investment fund but a full service investment bank.

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