Deals
Kuwait Finance Offers to Buy Ahli United in $8.8 Billion Deal
- KFH to issue 1 share for every 2.325581 shares of Ahli United
- Entity to be Gulf’s sixth-biggest with $100 billion in assets
Photographer: Tim Ireland/Getty Images
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Kuwait Finance House KSCP offered to buy Bahrain’s Ahli United Bank BSC in an all-share deal that’s valued at about $8.8 billion.
The Kuwaiti lender plans to issue 1 share for every 2.325581 shares of Ahli United, according to a statement. In January, the banks’ advisers had recommended the same swap ratio.