Pakistan to offload Habib stake for up to $1b

The deal, if successful, will be one of the country's largest in recent years.

Pakistan to offload Habib stake for up to $1b

Pakistan will seek to offload its entire stake in Habib Bank and raise up to PRs101.1 billion $992.7 million later this week, potentially making it the largest share sale in the country’s privatisation drive.

The government currently owns 41.5% of Habib Bank and will seek to sell it all up to 609.3 million shares on Friday, according to a term sheet seen by FinanceAsia.

The base deal consists of 250...

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