Deal Snapshot: The Royal Bank of Scotland to Sell Pakistani Ops to Mcb Bank

Summary


MANAVIGATOR-August 13, 2009-Deal Snapshot: THE ROYAL BANK OF SCOTLAND TO SELL PAKISTANI OPS TO MCB BANK (C)2010 M2 COMMUNICATIONS http://www.m2.com

The Royal Bank of Scotland (LON:RBS) has agreed to sell its 99.37% in The Royal Bank of Scotland Ltd (RBS Pakistan) to MCB Bank Ltd (KAR:MCB) for PKR7.2bn (USD87m/EUR61m), or PKR4.20 apiece.

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Deal Snapshot: The Royal Bank of Scotland to Sell Pakistani Ops to Mcb Bank

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