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REFILE-MCB Bank to buy RBS Pakistan for $87 mln

Published 08/12/2009, 01:01 AM
Updated 08/12/2009, 04:24 AM
NWG
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(Corrects day in first paragraph)

KARACHI, Aug 12 (Reuters) - The Royal Bank of Scotland said on Wednesday that MCB Bank agreed to buy 99.37 percent of RBS Pakistan shares for around $87 million.

A source had told Reuters on Monday that the deal would be valued at around $90 million. [ID:nSIN112937]

The Pakistan sale is part of moves by part-nationalised RBS to sell assets globally as it tries to exit up to 36 countries and focus on its mainly U.K. core businesses. (Reporting by Sahar Ahmed, Editing by Ian Geoghegan)

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