MCB Bank to sell MCB Financial Services Ltd via Share Purchase Agreement

MG News | October 15, 2019 at 12:21 PM GMT+05:00

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October 15, 2019 (MLN): MCB Bank Limited, in a notification to PSX, has informed that it shall dispose of its wholly owned subsidiary, MCB Financial Services Limited to ISE Tower REIT Management Company Limited and its nominee, namely Infortech (Private) Limited, as a co purchaser.

The aforesaid transaction will take place through ‘Share Purchase Agreement’, dated October 15, 2019 for a total consideration of Rs. 89,459,258, the notification stated.

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