Qatar’s Government Will Purchase Qatar Meat, Exchange Says

Qatar’s government will buy Qatar Meat & Livestock Co. to improve the company’s performance and expand its activities, the Qatar Exchange said.

The government plans to enter into talks on buying the company, which is the “main provider of meat and livestock” in the Persian Gulf emirate, the exchange said today, citing a statement from the Minister of Economy and Finance. The state will pay at least 15.29 riyals ($4.20) a share, it said.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net

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