ADCB mulls share sales

Source: Global Times
[02:01 June 13 2011]
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Abu Dhabi Commercial Bank plans to sell its RHB stake to Abu Dhabi investment fund Aabar and has won Malaysian central bank approval to start talks, it said Sunday.

The Abu Dhabi lender, whose 25-percent stake in RHB is valued at around $1.6 billion, had held a first round auction to sell the stake, drawing wide interest.

Reuters