ADCB to sell stake in Malaysian bank to Aabar, takeover battle looms

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Sunday 19, June 2011 by

ADCB to sell stake in Malaysian bank to Aabar, takeover battle looms

Abu Dhabi Commercial Bank (ADCB) agrees to sell its stake in a Malaysian lender RHB Capital to Aabar Investments to free up capital. The 24.9 per cent stake is valued around $1.6 billion. The talks were announced last week.

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