Nabil Bank to acquire United Finance
Kathmandu. Nabil Bank has passed a proposal to acquire United Finance. The resolution was passed through a special general meeting held today through virtual media. Along with this, United Finance will merge with Nabil Bank, the largest and strongest financial institution in the country.
Nabil and United Finance convened a special general meeting on Saturday to finalize the acquisition process. The general assembly of both the parties has passed the merger agenda.
A preliminary agreement has already been signed for the merger and acquisition process of the two organizations. According to the Asset and Liability Assessment Report, out of 100 shares of Finance, 35 shares of the bank have come to be. The proposal regarding the swap ratio has also been passed by the special general meeting.