April 13, 2009
HBL has made the following announcement to the Stock Exchanges.
The Royal Bank of Scotland Group, PLC ("RBS") is divesting its interest from its operations in the Asian region, which region includes all the assets and the undertaking of the Royal Bank of Scotland Limited (formerly ABN AMRO Bank (Pakistan) Limited), ("RBS Pakistan").
Habib Bank Limited ("HBL") has expressed an interest to acquire the shareholding of RBS in RBS Pakistan and shall be applying to the State Bank of Pakistan for obtaining approval to commence the due diligence of RBS Pakistan.
HBL hereby notifies the Karachi Stock Exchange (Guarantee) Limited ("Stock Exchange") that upon being granted the requisite permission by the State Bank of Pakistan, HBL shall commence the said due diligence in order to evaluate HBL's offer for the acquisition of the shareholding of RBS in RBS Pakistan.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment