12th Aug 2009 07:04
The Royal Bank of Scotland Group plc signs share sale agreement with MCB Bank Limited
12 August 2009
The Royal Bank of Scotland Group plc (RBSG) has reached agreement in principle for the sale of its 99.37% holding in The Royal Bank of Scotland Limited (RBS Pakistan) to MCB Bank Limited (MCB) for a total consideration of PKR 7,200M or US$ 87M. This equates to PKR 4.2 per ordinary share. RBS Pakistan has 1,717,981,391 ordinary shares listed on the Karachi stock exchange.
The transaction is subject to necessary Regulatory approvals and is expected to complete in Q4 2009.
Contacts:
Investors
Richard O'Connor
Head of Investor Relations +44 (0)207 672 1758 +44 7909 873681
Media Fiona MacRae Group Media Centre +44 131 523 5659
+44 7785 320137
Related Shares:
RBS.L