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MCB Mcbride Plc

124.50
4.50 (3.75%)
17 Jun 2024 - 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
  4.50 3.75% 124.50 124.00 124.50 125.00 121.00 125.00 127,776 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Soap And Other Detergents 889M -11.5M -0.0661 -18.84 216.7M

Faysal Bank To Buy Royal Bank Of Scotland's Pakistan Operations

16/06/2010 7:31am

Dow Jones News


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Faysal Bank Ltd. (FABL.KA) said Wednesday it has agreed to buy a 99.37% stake in Royal Bank of Scotland Group PLC's (RBS) Pakistan operations for PKR4.3 billion ($51 million) at PKR2.5 a share.

The transaction for RBS Pakistan is subject to regulatory approvals and is expected to complete in the third quarter of 2010, Faysal Bank said in a regulatory filing.

Faysal, which is majority owned by Bahrain-based Ithmaar Bank, and Egypt's EFG Hermes Holding S.A.E. (HRHO.CI) conducted due diligence on the operations earlier this year.

The sale is part of RBS's plan to sell non-core operations, which include other Asian assets. RBS's previous attempt to sell the Pakistan operations to MCB Bank Ltd. (MCB.KA) for $87 million failed as it didn't get regulatory clearance.

-By Haris Zamir, contributing to Dow Jones Newswires; 91-11-43563301; abhrajit.gangopadhyay@dowjones.com

 
 

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