National Bank of Pakistan Limited’s Sale of Shares of Khushhali Bank Limited (KBL)
Karachi, June 05, 2012 (PPI-OT): We National Bank of Pakistan Limited (NBP) (the Company), would like to inform you that we have entered into and executed a Share Purchase Agreement of the date hereof (the Agreement) with United Bank Limited consortium comprising of United Bank Limited; ASN-NOVIB Microkreditfunds; responsibility Global Microfinance Fund; Rural Impulse Fund II S.A. SICAV-FIS ; and Shore Cap II Limited (UBL Consortium). In terms of the Agreement, the Company has sold 23.5% shares owned by it in KBL in line with UBL Consortium’s bid of Rs. 20.44 (approximately) per share and in accordance with Regulatory approvals.
For more information, Contact:
S.M. Ali Zamin
EVP/ Secretary (Board)
National Bank of Pakistan Limited
2nd Floor, I. I. Chundrigar Road, Karachi