National Bank buys remaining stake in Cambodia’s ABA Bank

National Bank of Canada has signed a deal pay $83.5 million to buy the 10 per cent stake in Cambodia-based ABA Bank that it did not already own.

National Bank become a shareholder of ABA Bank in 2014 with an initial 10 per cent interest and increased it to 42 per cent in 2015 and to 90 per cent in 2016.

Its investment in ABA Bank now totals $424 million.

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