Announced
Completed
Financials
Tags
islamic banks
Friendly
Acquisition
Single Bidder
Public
United Kingdom
Banks
Majority
Cross Border
Completed
Synopsis
Boubyan Bank, a Kuwait Islamic bank, completed the acquisition of Bank of London and The Middle East, an independent UK wholesale Sharia’a compliant bank and the largest Islamic bank in Europe, for $158m. "We would like to note that no firm or binding offer has been made and therefore there can be no certainty at this stage that an offer will ultimately be made for BLME," Boubyan Bank.
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