Financial adviser Amanda Staveley held meetings with shareholders of National Bank of Kuwait for a possible purchase of a 10 percent stake in the Kuwaiti lender, Al-Qabas reported, citing unidentified people familiar with the matter.
An offer price of 1.7 dinars ($5.9) per share is “tempting” to some shareholders and letters requesting approval for the stake sale may be sent to the Central Bank of Kuwait in the next couple of days, according to the newspaper. It didn’t give details of the buyers or say whom Staveley is representing.
National Bank of Kuwait doesn’t have any knowledge that shareholders of the bank received offers for a 10 percent stake and there are no negotiations with the bank regarding this, the lender said in a statement to the Kuwait Stock Exchange on Aug. 19. National Bank of Kuwait shares closed unchanged at 1.46 dinars on Sept. 16.
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