Bank Alfalah withdraws offer to buy Samba Bank
KARACHI: Bank Alfalah on Thursday informed its shareholders that it has withdrawn its offer to acquire Samba Bank (SNB).
In a stock filing, Bank Alfalah said it had withdrawn its public announcement of intention (PAI) to acquire a majority stake in Samba Bank Ltd. “The State Bank of Pakistan (SBP) had granted BAFL in-principle approval for the due diligence of Samba concerning the proposed acquisition by BAFL of SNB’s approximately 84.51 per cent ordinary shares in Samba,” said the notice.
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