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New Deal


Announced

Commercial Bank terminates a $128m deal to acquire an additional 15.2% stake in National Bank of Oman.

Financials

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Transaction Value£90m
Consideration TypeCash
Capital Owned35%
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Cross Border

banking

Oman

Public

Single Bidder

Friendly

commercial banks

Banks

Acquisition

Failed

Synopsis

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Commercial Bank, a Qatar-based banking solutions provider, terminated a $128m deal to acquire an additional 15.2% stake in National Bank of Oman, a provider of retail and commercial banking services. The deal will maintain Commercial Bank's position as National Bank of Oman's largest shareholder, with a stake of 50.1%, ahead of the government of Oman's 26.18% stake.

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