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RBS sells Pakistan unit to Faysal Bank

LONDON: Royal Bank of Scotland PLC said yesterday it has agreed to sell its Pakistan unit to Faysal Bank Ltd of Karachi for ¤41 million (¤1 = RM4.01). An earlier deal to sell the unit to MCB Bank of Pakistan for US$87 million (US$1 = RM3.26) fell through in January because it didn’t gain regulatory approval. RBS acquired the unit, now called RBS Pakistan, as part of the takeover of the Dutch …

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