Deals
Kuwait Finance Considers Offering 35% Premium in $8 Billion Bank Deal
- Premium based on companies’ closing share prices on Wednesday
- Boards of two banks are meeting Thursday to discuss valuation
Photographer: Yasser Al-Zayyat/AFP via Getty Images
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Kuwait Finance House is considering offering a premium of about 35 percent to buy Bahrain’s Ahli United Bank BSC in a share swap deal that could create the Gulf’s sixth-biggest lender with $92 billion of assets, according to people familiar with the matter.
The Kuwaiti lender may offer one share for every 2.1 in Ahli United Bank, the people said, asking not to be identified because the matter is private. That would value the deal at about $8 billion, according Bloomberg calculations.