Day: September 16, 2020

Bombardier and Alstom Sign Definitive Agreement for Sale of Transportation Business

Sale based on enterprise value of $8.4 billion (EUR 7.15B), reflecting a post-MOU $350M (€300M) price reduction, offset by positive foreign currency impact Net proceeds to Bombardier expected to be ~$4.0B at closing Closing now expected in the first quarter of 2021, subject to customary closing conditions and remaining regulatory approvals All amounts in this […]

UnionPay International and HBL Launch Contactless Cards

ISLAMABAD, Sept. 16, 2020 /PRNewswire/ — HBL is a Founding Member of UnionPay International (UPI) since 2012 and holds a seat in UPI’s Middle East Regional Member Council. HBL is the largest issuer of UnionPay Cards in Pakistan & the Middle East Region and is one of the first Issuers in Pakistan to introduce UnionPay debit […]