Mergers & Acquisitions
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Kuwait Finance House plans $8.8bn deal for Bahraini bank
Kuwait Finance House offered to buy Bahrain’s Ahli United Bank in an all-share deal that’s valued at about $8.8 billion. The Kuwaiti lender plans to issue 1 share for every 2.325581 shares of Ahli United, according to a statement. In January, the banks’ advisers had recommended the same swap ratio….
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Click here to read the full story: Arabian Business