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MCB Mcbride Plc

103.50
4.30 (4.33%)
13 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mcbride Plc LSE:MCB London Ordinary Share GB0005746358 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.30 4.33% 103.50 104.00 105.00 105.00 98.00 98.20 384,918 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Soap And Other Detergents 934.8M 33.3M 0.1913 5.46 172.66M

MCB Bank To Pay PKR7.2 Billion For RBS Operations In Pakistan

12/08/2009 5:58am

Dow Jones News


Mcbride (LSE:MCB)
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MCB Bank Ltd. (MCB.KA) has agreed to buy Royal Bank of Scotland Group PLC's (RBS) operations in Pakistan for PKR7.2 billion ($87 million), a spokesman for MCB Bank said Wednesday.

MCB Bank will acquire 99.37% of the operations for PKR4.22 per share in cash, while the remaining will be bought through a public tender, Kafeel Burney told Dow Jones Newswires.

The transaction will help the local bank to strengthen its operations in urban areas and broaden its product offering to retail and corporate customers, Mian Muhammad Mansha, chairman of MCB Bank, said in a statement to the Karachi Stock Exchange.

Bank of America Merrill Lynch and KASB Bank advised MCB on the deal.

-By Haris Zamir, contributing to Jones Newswires; 91-11-43563354; meenakshi.ray@dowjones.com

 
 

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