Mergers & Acquisitions
Retail Banking
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Abu Dhabi Three-Way Merger to Form $114 Billion U.A.E. Bank
Abu Dhabi Commercial Bank PJSC agreed to merge with Union National Bank PJSC and Al Hilal Bank to create the Gulf’s fifth-biggest lender with about $114 billion in assets. ADCB offered 0.5966 share for every UNB share, according to a statement. The combined entity will buy privately-held Al Hilal Bank…
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Click here to read the full story: Bloomberg