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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Pakistan's Jahangir Siddiqui eyes RBS Pakistan unit Reuters - 1 hour 39 minutes ago KARACHI, April 14 - Pakistani financial services company Jahangir Siddiqui and Co Ltd. <JSCO.KA> said on Tuesday it is interested in buying the operations of Royal Bank of Scotland <RBS.L> in Pakistan. ADVERTISEMENT JSCL is the third Pakistani company to express an interest in buying RBS's Pakistani operations <RBS.KA> after Habib Bank Ltd <HBL.KA> and MCB Bank <MCB.KA> did so on Monday. [ID:nSIN476208] RBS Pakistan has a market cap of around $266 million. "JSCL has been invited to conduct due diligence of RBS Pakistan," JSCL said in a statement to the Karachi Stock Exchange. "JSCL will apply to the State Bank of Pakistan through the financial advisers of RBS, to obtain the requisite permission to commence due diligence of RBS Pakistan." JSCL was trading 0.72 percent higher at 40.50 rupees per share at 10:28 a.m. in a broader market <.KSE> which was down 0.12 percent. RBS Pakistan <RBS.KA> gained 8.01 percent at 13.48 rupees. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Business UBS to cut 240 jobs in Asia-Pacific as regions slowReuters - 1 hour 15 minutes ago Australia's Telstra open to break up-reportReuters - 1 hour 27 minutes ago BRIEF - MMK board recommends no dividend for FY 2008Reuters - 1 hour 32 minutes ago JGB futures trim losses after solid 30-yr auctionReuters - 1 hour 35 minutes ago Pakistan's Jahangir Siddiqui eyes RBS Pakistan unitReuters - 1 hour 39 minutes ago Most Popular – Business Viewed Police nab Norwegian pair during high-speed sex US govt tells GM to prepare for bankruptcy filing Harry Potter actor arrested over cannabis find Mummies found in ancient Egypt burial chamber Swedish church unveils Lego Jesus statue for Easter View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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