STANDARD CHARTERED ANNOUNCES THE COMPLETION OF THE ACQUISITION OF A 95.37% INTEREST IN UNION BANK LIMITED
FOR IMMEDIATE RELEASE
Standard Chartered PLC announces that its subsidiary company, Standard Chartered Bank (Pakistan) Limited, has today completed the acquisition of a 95.37 per cent interest in Union Bank Limited. The amount paid was US$487 million, in cash.
For further information, please contact:
Stephen Atkinson, Head of Investor Relations
Tel: +44 20 7280 7245
Matthew Chan, Manager, Media Relations
Tel: +44 20 7280 7707