Pakistan seeks bids for $1.4bn bank divestments

pakistan_flag_230px
By Rashmi Kumar
29 Sep 2014

Just days after starting pre-marketing the sale of a stake in Oil & Gas Development Company, the Pakistan government is back in the market and is now seeking bids from banks to lead its Prp141.3bn ($1.4bn) divestment of its remaining stakes in Allied Bank and Habib Bank.

The government of Pakistan is requesting submissions from banks to sell 10% of Allied Bank, which is one of the largest commercial banks in the country.

Banks have until October 28 to submit their proposals, which should be in the form of an expression of interest not ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial