ABN Amro increases stake in Prime Bank

ABN Amro has increased its stake in Prime Bank to 96.17 percent following the expiration on Thursday of its cash tender offer. A press release issued here said that at the close of the tender offer, ABN Amro had obtained additional 7,581,894 shares, representing 2.77 percent of the issued share capital of Prime Bank.
This marks the completion of the transaction. The Prime Bank remains listed on three stock exchanges in Pakistan and ABN Amro plans to merge its Pakistan operations into the Prime Bank in future.-PR