United Gulf Bank B.S.C. and Burgan Bank S.A.K.P. completed the acquisition of an 37.05% stake in Fimbank P.l.c. from Massaleh Investments K.S.C.C. and others.
As on May 30, 2013, a share purchase agreement has been signed for the deal as per which United Gulf Bank B.S.C. (BAX:UGB) will acquire 17.95 million shares. Imtiaz Shah and Blake Harley of Hogan Lovells acted as legal advisors for United Gulf Bank. Fenech & Fenech Advocates acted as legal advisor to Burgan Bank.
United Gulf Bank B.S.C. (BAX:UGB) and Burgan Bank S.A.K.P. completed the acquisition of an 37.05% stake in Fimbank P.l.c. (MTSE:FIM) from Massaleh Investments K.S.C.C. and others on June 20, 2013.