trending Market Intelligence /marketintelligence/en/news-insights/trending/03oi8LM3UTJwhP9tJp231w2 content esgSubNav
In This List

Overseas investor may buy stake in Bangladesh-based financial services firm

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Overseas investor may buy stake in Bangladesh-based financial services firm

An overseas investor plans to acquire a minority stake in Bangladesh-based bKash Ltd., a mobile financial service provider, The Daily Star reported Oct. 11, citing an announcement by BRAC Bank, which owns a 51% stake in the company.

BRAC Bank Ltd. said in a bourse release that the financial service provider entered into a nonbinding agreement under which a strategic investor may acquire a minority shareholding in bKash.

The potential deal is subject to regulatory requirements, among other things.

bKash officials declined to comment on the matter.

bKash commenced operations as a joint venture between BRAC Bank and Money in Motion LLC USA.