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

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

Add Mettisglobal as a Trusted Source on Google

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	170,884.59 165.82M	1.09% 1841.39
ALLSHR	103,297.23 574.85M	1.03% 1052.60
KSE30	50,883.00 85.37M	1.16% 585.22
KMI30	243,139.25 70.59M	1.05% 2522.69
KMIALLSHR	66,979.22 287.59M	0.99% 655.18
BKTi	47,642.11 15.25M	1.66% 776.54
OGTi	35,136.50 9.94M	0.68% 237.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,420.00	81,990.00 80,410.00	90.00 0.11%
BRENT CRUDE	103.37	105.00 101.92	-1.45 -1.38%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	5.00 4.00%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	95.47	0.00 0.00	-0.61 -0.63%
SUGAR #11 WORLD	18.28	18.51 18.21	-0.04 -0.22%