HSBC Oman, Sohar International Bank agree merger
Source: Reuters
DUBAI, Nov 16 (Reuters) - HSBC Bank Oman and local rival Sohar International Bank have entered into a binding merger agreement, the two lenders said on Wednesday.All assets and liabilities of HSBC Oman will be transferred to Sohar International, the banks said in two separate regulatory announcements, without disclosing the deal value.On completion of a merger, HSBC Oman will cease to exist as a legal entity and…
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