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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 -18.76 215.83M

MCB Bank Says Deal To Acquire RBS Pakistan Assets Lapsed

01/01/2010 10:26am

Dow Jones News


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Pakistan's MCB Bank (MCB.KA) said Friday its deal to acquire the local operations of Royal Bank of Scotland Group PLC (RBS) has lapsed because of not getting some regulatory clearances.

Under the in-principle agreement to buy 99.37% of RBS Pakistan, the banks had to close the transaction by Dec. 31, MCB Bank said in a notice to the Karachi Stock Exchange.

The agreement had provided that if they couldn't close the transaction by then, the share-price agreement would lapse, the statement added.

RBS officials weren't immediately available for comment.

-By Haris Zamir, contributing to Dow Jones Newswires; 91-22-6145-6115; harsh.joshi@dowjones.com

 
 

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