Virus May Force Kuwait Finance and AUB to Reassess Merger

Virus May Force Kuwait Finance and AUB to Reassess Merger

Kuwait Finance House KSCP, which was due to acquire Ahli United Bank of Bahrain, said its board had taken into account the risks from the pandemic and any material changes in the banks' assets before deciding to postpone the merger until December.. Kuwait Finance House last September offered to buy Ahli United Bank in an all-share deal that was valued at about $8.8 billion .. HSBC Holdings Plc and Credit Suisse Group AG, the advisers on the merger process, had recommended a swap ratio of 1 Kuwait Finance House share for every 2.325581 Ahli United shares..