Pakistan to raise more than $1 billion via Habib Bank sale

April 11, 2015 1:32 PM

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KARACHI, Pakistan, April 11 (Reuters) - Pakistan will raise more than $1 billion by selling its entire stake in Habib Bank Limited, a government official said Saturday, a deal that will be the country's biggest privatisation so far.

The government will sell its 42.5 percent stake in Pakistan's biggest bank at 168 rupees (about $1.68) per share after a successful book-building exercise last week, Mohammad Zubair, the chairman of the Privatisation Commission, said.

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