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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

Royal Bank Of Scotland Restarts Process To Sell Pakistan Operations

14/01/2010 7:38am

Dow Jones News


Mcbride (LSE:MCB)
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KARACHI (Dow Jones)-Royal Bank of Scotland Group PLC (RBS) said Thursday it has restarted the process for the proposed sale of its local operations in Pakistan.

RBS is identifying potential bidders for the sale and, subject to obtaining requisite regulatory approvals, such potential bidders may be invited to and may conduct due diligence on RBS Pakistan, it said in a statement to the Karachi Stock Exchange.

This is the second attempt by RBS to sell its 99.37% ownership interest in RBS Pakistan.

On Jan. 1, MCB Bank Ltd. (MCB.KA) had said its deal to acquire RBS Pakistan lapsed because it couldn't get some regulatory clearances.

RBS had in February last year announced a three- to five-year plan to sell non-core assets. It had identified its Asia assets as well as a number of businesses related to the loss-making global banking and markets unit for sale.

-By Haris Zamir, contributing to Dow Jones Newswires; +91 22 6145 6123; shikhar.balwani@dowjones.com

 
 

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