Sunday, April 22, 2007

Pakistan's Habib Bank Plans IPO, GDR Sale to Fund Asian, African Expansion

(Bloomberg) -- Habib Bank Ltd., Pakistan's largest by branches, plans to sell shares locally and overseas this year to help grow its network in China, Central Asia and East Africa.

The Pakistan government will sell at least 10 percent in the bank through an initial public offering within the next three months and list global depositary receipts in Hong Kong or London by December, Habib Bank President Zakir Mahmood said in an April 20 interview in Karachi.


Read more at Bloomberg Emerging Markets News

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