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National Bank of Bahrain still in talks to up stake in Bahrain Islamic Bank

National Bank of Bahrain BSC is still in discussions with Bahrain Islamic Bank BSC over a voluntary takeover offer of the latter's issued shares, according to a Sept. 22 release.

NBB did not disclose the size of the potential increase in its stake in the Islamic lender, which currently stands at 29.22%, according to S&P Global Market Intelligence data.

The proposed transaction is subject to receipt of all necessary regulatory, board and shareholder approvals.

NBB sent a nonbinding notice of potential interest to its Bahraini peer in 2018.