FIMBank sells Indian company stake for €34.6 million

Malta-based FIMBank has sold its 38.5% shareholding in Global Trade Finance Limited (Mumbai, India) to State Bank of India for 2,168,100,000 rupees (€34.6m) State Bank of India executed a share purchase agreement with Export-Import Bank of India, the...

Malta-based FIMBank has sold its 38.5% shareholding in Global Trade Finance Limited (Mumbai, India) to State Bank of India for 2,168,100,000 rupees (€34.6m)

State Bank of India executed a share purchase agreement with Export-Import Bank of India, the International Finance Corporation and FIMBank p.l.c. respectively to acquire their shareholdings in Global Trade Finance Limited. As a result, State Bank of India will hold 91% of the shareholding in Global Trade Finance Limited.

Global Trade Finance is a major provider of international factoring, import factoring, domestic factoring and forfaiting services in India.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.