MCB Bank Limited: Interest to acquire RBS Pakis | Company Announcements

Tuesday 14 April, 2009

MCB Bank Limited

Interest to acquire RBS Pakis

RNS Number : 4892Q

MCB Bank Limited

13 April 2009

April 13, 2009

Subject: Interest to acquire Royal Bank of Scotland Limited (formerly ABN AMRO Bank (Pakistan) Limited.

The Royal Bank of Scotland Group, PLC (RBS) is considering divestment of RBS Pakistan as part of its global restructuring process. MCB Bank Limited (MCB) has expressed an interest to acquire the shareholding of RBS in RBS Pakistan and have also applied to the State Bank of Pakistan for obtaining approval to commence the due diligence of RBS Pakistan.

MCB hereby provides notice that upon being granted requisite permission from the State Bank of Pakistan, MCB shall commence the due diligence in order to evaluate MCB's offer for the acquisition of RBS Pakistan.

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRGUUWCCUPBUMW

Investegate takes no responsibility for the accuracy of the information within the site.

The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.