17 September 2009
Doha: Qatar Shipping Company (Qship) said yeterday its Board of Directors' approved the signing of the Sharing and Purchase Agreement (SPA) for the sale of its subsidiary Qatar Engineering and Construction Company (QCon) to a consortium led by Qatar America Asia Consortium for a consideration of $110m.

This SPA is expected to be signed shortly, the company said in a statement to Qatar Exchange (QE), and added that the decision was taken by Qship Board meeting held yesterday.

© The Peninsula 2009