Islamic Finance
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CMS advises Masraf Al Rayan on its takeover bid for Islamic Bank of Britain
The cash offer, which was announced on 28 November 2013, values the fully diluted share capital of IBB at approximately GBP 24.1 million. Following successful completion of the offer, it is intended that Al Rayan (UK) will provide IBB with a significant cash injection by way of equity subscriptions. IBB…
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