Mr. Nagesh Pydah, Executive Director, Punjab National Bank, said that the bank would complete acquisition of Kazakhstan-based Dana Bank for a consideration of 18-200 mn., to buy out 63.64% stake in Dana Bank. He hoped that Dana Bank will come into PNB's fold by March 31, 2010. He also said that acquisition of Dana Bank would allow PNB to penetrate in CIS (Commonwealth of Independent States) countries.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/PNB-to-spend-18-20-mn-to-acquire-Dana-bank/articleshow/5264958.cms
PNB TO SPEND $18-20 MN TO ACQUIRE DANA BANK
Labels: BANKING N FINANCE
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