Royal Bank of Scotland PLC said Wednesday it has agreed to sell its Pakistan unit to Faysal Bank Ltd. of Karachi for (EURO)41 million ($50.6 million).
An earlier deal to sell the unit to MCB Bank of Pakistan for $87 million fell through in January because it didn't gain regulatory approval.
RBS acquired the unit, now called RBS Pakistan, as part of the takeover of the Dutch bank ABN Amro _ a deal that dragged RBS to the brink of collapse.
RBS, now 84-percent controlled by …
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