Latham & Watkins has advised the government of Pakistan on the divestment of its 41.5 percent stake in the country’s largest bank, raising $1.02 billion in the process.
According to The Wall Street Journal, the government sold its 609 million shares of Habib Bank Ltd. for $1.68 each, which was slightly higher than the floor price of $1.66 set when book building in HBL began early last week.
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