Published: May 6, 2010
Abu Dhabi bank could buy UK institution’s UAE retail banking assets.
Abu Dhabi Commercial Bank (ADCB) is in talks with the UK’s Royal Bank of Scotland about buying its UAE retail banking assets.
In a statement to the Abu Dhabi stock exchange, ADCB said that “no definitive agreement has been reached” and that no further details could be given yet.
Press reports suggest a deal could be valued at US$280mn.