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BRAC Bank to acquire shares in BRAC EPL Investments

BRAC Bank Ltd.plans to acquire additional shares in BRAC EPL Investments Ltd. for 140.4 milliontaka.

The bank said May 10 that its board decided to acquire 14,040,000shares in the company at 10 taka per share. The acquisition is subject to regulatoryapprovals.

As of May 10, US$1 wasequivalent to 78.37 Bangladeshi taka.