Bank of Bahrain and Kuwait (BBK)'s acquisition of Ithmaar Bank has moved ahead with the conventional bank appointing Emirates NBD Capital (EMCAP) as the main financial adviser.
In a filing to Bahrain Bourse today, BBK said "its transaction team has started working with EMCAP to appoint the legal and accounting firms that will join hands in conducting the due diligence and other necessary preparatory work for the potential acquisition" .