First Abu Dhabi Bank could renew $35 billion offer for StanChart -Bloomberg News – Reuters
- Date: 09-Feb-2023
- Source: Reuters
- Sector:Financial Services
- Country:UAE
First Abu Dhabi Bank could renew $35 billion offer for StanChart -Bloomberg News – Reuters
LONDON, Feb 9 (Reuters) - First Abu Dhabi Bank (FAB.AD) (FAB), the United Arab Emirates' biggest lender, could renew a potential offer for Britain's Standard Chartered (STAN.L), once lock-up rules from its previous aborted bid expire, Bloomberg News reported on Thursday.
StanChart shares rose as much as 9% on the news report.
A StanChart spokesperson declined to comment on the report, while FAB could not immediately be reached for comment.
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