Good to see major foreign investors in Pakistan continuing to have confidence in our economic potential.
**ABN Amro to buy 93.4 pct stake in Pakistan’s Prime Bank for 172 mln eur **
ABN Amro Holdings NV has agreed to buy a 93.4 pct stake in Pakistan’s Prime Bank for 172 mln eur, the Dutch bank said. ABN Amro also said it will launch a tender offer for all remaining shares of Prime Bank from minority shareholders. “Pakistan has one of the world’s fastest growing financial markets and is a key growth market for ABN Amro in Asia,” CEO of ABN Amro Asia Jeroen Drost said. The takeover of Prime Bank means ABN Amro will become the second largest foreign bank in Pakistan. ABN Amro is currently the third largest foreign bank active in Pakistan. The tender offer will close on March 30, ABN Amro said.