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Sunday, 20 November 2016

Abu Dhabi bank shares fall as merger talks are denied | The National

Abu Dhabi bank shares fall as merger talks are denied | The National:
"Banking shares in Abu Dhabi fell sharply on Sunday, as ADCB, ADIB and UNB distanced themselves from talks of further consolidation within the sector.

Shares rallied last week following rumours that ADCB and UNB may join forces, with ADIB and Hilal Bank considering a similar tie up.

The rumours came in the wake of the announcement in June of a merger between FGB and NBAD, which will create the Middle East’s largest bank by assets."

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