Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Wednesday 16 June 2010
Abu Dhabi's ADCB buys RBS UAE retail assets, UAE Banks, Banking & Investment - Maktoob Business
Abu Dhabi Commercial Bank has finalised a deal to buy Royal Bank of Scotland's UAE retail arm for around $100 million, ADCB said on Wednesday, expanding its domestic footprint.
As part of the deal, ADCB acquires three branches along with 250,000 customers, Abu Dhabi's third-largest bank by market value said in a statement.
The $100 million deal, which is expected to close within four months, will be financed from internal cash resources, the lender said.
No comments:
Post a Comment