ABN AMRO increased its stake in Prime Bank to 96.17 percent following the expiration on 29 March of its cash tender offer.
At the close of the tender offer, ABN AMRO had obtained an additional 7,581,894 shares, representing 2.77 percent of the issued share capital of Prime. That marked the completion of the transaction.
Prime remains listed on three stock exchanges in Pakistan and ABN AMRO plans to merge its Pakistan operations into Prime in the future.