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BNH scraps bid for Alahlia stake

: Monday, June 30 - 2014 @ 05:18

Bahrain National Holding (BNH), whose insurance unit was seeking to buy a majority stake in Alahlia Insurance Co, has said the two sides had failed to agree on the price of the deal, Reuters has reported. The parties have therefore decided it is “not appropriate to proceed with the transaction”, it said.

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Monday, June 30- 2014 @ 5:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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