Royal Bank Of Scotland NV Signs Share Sale Pact With Faysal Bank

16th Jun 2010 06:49

LONDON (Dow Jones)--The Royal Bank of Scotland N.V., a subsidiary undertaking of The Royal Bank of Scotland Group PLC (RBS), said Wednesday it has reached agreement for the sale of its 99.37% holding in RBS Pakistan to Faysal Bank Ltd (FABL.KA) for a total consideration of EUR41 million. MAIN FACTS: -This equates to PKR 2.5 per ordinary share. -The transaction is subject to regulatory approvals and is expected to complete in third quarter of 2010. -By Elliott Ball, Dow Jones Newswires; 44-20-7842-9314; [email protected] (END) Dow Jones Newswires June 16, 2010 01:49 ET (05:49 GMT)