BAFL's Bangladesh division receives acquisition proposal from Sri Lanka's HNB

MG News | August 26, 2024 at 03:03 PM GMT+05:00

0:00

August 26, 2024 (MLN): In connection with the proposed sale of Bank Alfalah Limited (PSX: BAFL), Bangladesh operations, the bank has received a non-binding offer from Hatton National Bank (HNB) of Sri Lanka to acquire the bank's Bangladesh operations.

This non-binding offer is in addition to the non-binding offer already received from Bank Asia Ltd. (Bangladesh).

The Board of Directors of the Bank has accorded its in-principle approval/acceptance of the nonbinding offer received from HNB of Sri Lanka to acquire the Bank's Bangladesh operations/assets and liabilities, subject to compliance with all applicable laws/regulations and obtaining of necessary/ regulatory approvals.

"We will now seek approvals from the central banks of Pakistan and Bangladesh for HNB to commence due diligence on Bank Alfalah, Bangladesh Operations," BAFL informed further in its latest filing on PSX today.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	113,390.00 108,020.00	-4475.00 -3.97%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	64.55 63.88	-0.59 -0.91%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%