Sunday 26, February 2017 by Nabilah Annuar

AN Investment to acquire BMB’s outstanding shares

Bahrain Middle East Bank (BMB) is in preliminary discussions with AN Investment W.L.L. (ANI) for a potential offer by ANI to purchase all the outstanding shares of the issued share capital by BMB.

In a statement to the Bahrain Bourse, Ritchie Skelding, CEO of BMB announced to its shareholders that it is currently in discussions with ANI in relation to a potential offer by ANI to acquire all the outstanding shares of the issued share capital of BMB (other than those shares already owned by ANI and the parties acting in concert with it).

No formal documents have been signed and no material terms have been agreed upon. BMB has appointed an independent financial advisor to advise the Board on the offer.

The potential offer has not been finalised and shareholders of BMB and/or investors were notified that the potential offer may or may not materialise and are advised to exercise caution when dealing with BMB’s shares.

BMB expects to make further announcements on the progress of the potential offer in accordance with the requirements of the TMA module of the CBB rulebook and the CBB Disclosure of Standards.

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