Abu Dhabi Commercial Bank ADCB.AD, which is considering selling its 25% stake in Malaysia's RHB Capital RHBC.L, hired Goldman Sachs (GS.N) and BOA-Merrill Lynch as advisors, its chief executive said.
Ala'a Eraiqat said on Tuesday that a firm decision on the sale of the stake, valued at US$1.4 billion, had yet to be made.
"We have agreed to appoint Goldman Sachs and Bank of America-Merrill Lynch ((BAC.N)), two international firms for the sale," said Eraiqat, speaking at the lender's annual meeting.
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