HBL or MCB, which one will acquire RBS
Monday, April 13, 2009
Habib Bank Limited (HBL) has written a letter to KSE dated 13-04-2009. Salient features of the letter are;
- The Royal Bank of Scotland is divesting its interest from its operation in the Asia region.
- HBL has expressed an interest to acquire the shareholding of RBS in RBS Pakistan.
- HBL will apply to SBP for obtaining approval to commence the due deligence of RBS Pakistan.
- Upon being granted permission by SBP, HBL shall commence the said due deligence in order to evaluate its offer for the acquisition of the shareholding of RBS Pakistan.
Further, MCB Bank Ltd has also expressed an interest to acquire the shareholding of RBS in RBS Pakistan and have also applied to the State Bank of Pakistan for obtaining approval to commence the due diligence," MCB said in a statement to the Karachi Stock Exchange.
Lets see how many banks will join the race and which one will win it to make its size more giant.
Labels: Banks
posted @ 12:57 PM,
2 Comments:
-
At April 13, 2009 at 1:33 PM,
oltre logo said...
-
Wondering it is looks amazing.
audio conferenza -
At June 8, 2009 at 11:31 AM,
Semi Permanent Make Up said...
-
I appreciate it very much, at least I know from it someone is reading the contents I have here.
Post a Comment