The Union Bank PLC has engaged itself in discussions with investors to explore strategic investments for its subsidiary, UB Finance Co Ltd (UBF), a licensed finance company.

In a stock exchange filling the bank said “it has engaged itself in discussions with identified investor/s to explore options for its subsidiary.”

However, the bank wishes to state that it has not received a definitive offer from these investors and finalization of any such offer will be subject to all necessary approvals and consent.

Additionally, the bank also wish to inform that notwithstanding the ongoing discussions with the said identified investors, the Board of Directors of the bank has decided to explore other strategic options for UBF including but not limited to divestment, merger, restructuring, spin-out etc.