Pakistan’s privatisation programme begins with United Bank exit

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By Rev Hui
13 Jun 2014

Pakistan raised Pkr38.2bn ($388m) on June 12 by selling its entire stake in United Bank, the country’s second largest public sector lender.

The government, acting through the privatisation division of the Ministry of Finance, was originally only looking to sell 160m shares of United Bank when it launched the trade into the market on June 10.

Arranged by Arif Habib Securities, Credit Suisse and Elixir Securities Pakistan, the transaction had ...

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