ABN Amro buys Pakistan bank

ABN Amro, the Dutch banking giant, announced today that it has paid 13.8bn PKR (€173m) for a 93.4% stake in the Pakistan Prime Bank. ABN Amro is also making an offer of 54 PKR per share for the remaining shares.

The takeover will make the Dutch bank the second largest foreign bank in Pakistan, with joint assets of €1.547m.

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