The ANZ Grindlays Bank has commenced its operation as Standard Chartered Grindlays Bank after being acquired by the Standard Chartered Bank. However, the full acquisition process is expected to take another year or so.

The country's first locally owned private fuel company has recently acquired two other fuel companies, one being a multinational and the other a government enterprise.

Also, the Bangladesh branch of Scotia Bank has entered into an agreement to sell its affairs to Bank Asia.

For further information on this topic please contact Ishrat Mahmud at Legal Remedy by telephone (+880 2955 0645) or by fax (+880 2955 0645) or by e-mail ([email protected]).

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