Re: Pakistan: A most surprising success story - Newsweek (Merged)
StanChart set to buy Pakistan bank
Standard Chartered, the emerging markets bank, is finalising an agreement to buy Pakistan’s Union Bank in a deal likely to be worth at least $500m. Shaukat Tarin, president of the Union Bank, on Monday told the Financial Times: “The due diligence is complete. Now we are working on the sale purchase agreement.” He did not elaborate on details such as price.