Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Share Sale Agreeement for RBS Pakistan

16 Jun 2010 07:00

RNS Number : 6937N
Royal Bank of Scotland Group PLC
16 June 2010
 

 

June 16th 2010 

The Royal Bank of Scotland N.V. signs share sale agreement with Faysal Bank Limited for the purchase of RBS Pakistan

The Royal Bank of Scotland N.V. (formerly known as ABN AMRO Bank N.V.), a subsidiary undertaking of The Royal Bank of Scotland Group plc ("RBS"), has reached agreement for the sale of its 99.37% holding in ("RBS Pakistan") to Faysal Bank Limited ("Faysal") for a total consideration of EUR41M (approximately PKR 4,298M). This equates to approximately PKR 2.5 per ordinary share. RBS Pakistan has 1,717,981,391 ordinary shares listed on the Karachi Stock Exchange, the Lahore Stock Exchange and the Islamabad Stock Exchange.

The transaction is subject to regulatory approvals and is expected to complete in third Quarter of 2010.

For Further Information Contact:

Richard O'Connor

Investor Relations 

+44 (0) 20 7672 1758

 

Group Media Centre

Tel: +44 (0) 131 523 4205

 

END

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISGUGDLDXBBGGL

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.