Sindh Bank to consider acquisition/merger of Summit Bank
The Board of Directors have approved conducting due diligence of Summit Bank Limited
Wholly owned by the government of Sindh, Sindh Bank had originally planned to sell between 10% and 20% of its shares to the general public through the stock exchange before April.
KARACHI:
The Board of Directors of Sindh Bank in its meeting held on November 21, 2016, gave in principle its approval for conducting the due diligence of Summit Bank Limited and evaluating the information to be provided by it, subject to State Bank and other regulatory approvals, leading to potential acquisition/merger.
Published in The Express Tribune, November 23rd, 2016.
The Board of Directors of Sindh Bank in its meeting held on November 21, 2016, gave in principle its approval for conducting the due diligence of Summit Bank Limited and evaluating the information to be provided by it, subject to State Bank and other regulatory approvals, leading to potential acquisition/merger.
Published in The Express Tribune, November 23rd, 2016.