Orascom buys RBS division

Royal Bank of Scotland Group (RBS) has said that Orascom and Rojhan Capital are interested in acquiring its Pakistan operations and can commence due dilligence. In a statement to the Karachi bourse, RBS said: “The State Bank of Pakistan has granted in-principle approval to Orascom Telecom Holdings and Rojhan Capital on the application of Orascom International Holdings, Egypt to conduct due diligence of Royal Bank of Scotland (formally ABN Amro Pakistan Ltd).” Habib Bank, MCB Bank and JS Group were also interested in acquiring the business.

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