Saturday, May 10, 2025

MCB Bank And NIB Bank Enterpreliminary Discussions For Merger

MCB Bank And NIB Bank Enterpreliminary Discussions For Merger

[Karachi:15th March 2016]MCB Bank Limited (“MCB”) announced today that MCB and Fullerton Financial Holdings Pte. Ltd (“FFH”), being the majority shareholder of NIB Bank Limited (“NIB”) through its wholly-owned subsidiary Bugis Investments (Mauritius) Pte. Ltd., are in preliminary non-binding discussions for a merger between MCB and NIB.The terms of the transaction are in preliminary stages of discussion and are subject to, among other things, due diligence and all necessary regulatory and shareholder approvals.

mcb-nib0

There is no assurance that any discussions will result in any definitive agreement or transaction, or that any offer for NIB by MCB will be made or as to the terms on which any such offer might be made. MCB Bank remains committed to providing top quality financial and wealth solutions to its customers. MCB and NIB will make an appropriate announcement in the event there are any material developments.

spot_img

Subscribe

Related articles

iTel Pakistan Faces Potential Business Crisis Amidst Market Downturn

Islamabad, News desk Chinese mobile phone manufacturer iTel is...

Vivo Y15C – A Simple and Long Battery Phone for Everyday Use

Vivo Y15C is a budget smartphone for people who...

Vivo Y16 – A Budget Smartphone with Stylish Look and Big Battery

Vivo Y16 is a budget-friendly mobile phone from the...

Poco X6 Pro vs OnePlus Nord CE 3 Lite: Which Budget Phone Wins in Pakistan 2025?

Looking for a budget-friendly smartphone in Pakistan that doesn’t...
spot_imgspot_img