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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 To Acquire Royal Bank of Scotland Pakistan

12/08/2009 9:10am

Dow Jones News


Mcbride (LSE:MCB)
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MCB Bank Ltd (MCB.KA), Pakistan's fourth largest bank by assets, said Wednesday it will acquire 99.37% of The Royal Bank of Scotland Group PLC (RBS)'s Pakistan assets for $87 million.

MAIN FACTS:

-MCB will initially acquire 1.7 billion of ordinary shares or 99.37% stake in RBS Pakistan from ABN Amro Bank N.V., a subsidiary of The Royal Bank of Scotland.

-MCB will also make tender offer for remaining 0.63% of ordinary shares not owned by majority shareholder.

-As MCB will fund transaction entirely through internally generated cash resources, it is not contingent on any external fund raising.

-Proposed acquisition conditional upon necessary regulatory and other approvals.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com 
 
 
 

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