CBL acquires cent per cent shares of ETN
FE Report | Friday, 13 March 2009
Cashlink Bangladesh Limited (CBL), a payments systems solutions provider has signed an agreement to acquire 100 per cent shares of Electronic Transactions Network (ETN), the first ATM service provider of the country from its current owners--United Enterprises & Co Ltd recently.
CBL is owned by a group of banks including AB Bank, United Commercial Bank and Southeast Bank, Euronet and Networld.
The above group members have acquired the company fully and as per the agreement will continue the activities of ETN as a separate entity.
Cashlink Bangladesh Limited chairman Wahidul Haque and United Group chairman Mr Hasan Mahmud Raja were the signatories during the ceremony attended by high officials from both the companies, said a press release.
CBL is owned by a group of banks including AB Bank, United Commercial Bank and Southeast Bank, Euronet and Networld.
The above group members have acquired the company fully and as per the agreement will continue the activities of ETN as a separate entity.
Cashlink Bangladesh Limited chairman Wahidul Haque and United Group chairman Mr Hasan Mahmud Raja were the signatories during the ceremony attended by high officials from both the companies, said a press release.