Exclusive: Bahrain's Ahli United Bank considers sale or merger - sources | Reuters:
"Ahli United Bank (AUB) AUBB.BH, Bahrain's largest lender, is evaluating a sale or a merger with a rival bank in a potential $5 billion (2 billion pounds) deal, several bankers familiar with the situation said.
A deal of this size would be the largest banking transaction in the region for the past 20 years, according to Thomson Reuters data, beating Emirates Bank's $3.7 billion acquisition of National Bank of Dubai in 2007 and Qatar National Bank's (QNBK.QA) $1.9 billion purchase of Societe Generale's Egyptian business in 2012.
It could also mark a revival of significant M&A activity in the Gulf where mergers tend to be difficult because major shareholders - often governments or prominent families - can be reluctant to cede control unless they get a generous price."
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