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ADCB confirms RHB talks
- United Arab Emirates: Monday, December 24 - 2007 at 10:18
The Abu Dhabi Commercial Bank (ADCB) has confirmed it is in negotiations to buy a 25% holding in Malaysian banking group RHB Capital, according to the local WAM news agency. The ADCB has sent a note to the Abu Dhabi Securities Market saying that a 'framework for strategic partnership' with the RHB will be established if the talks go well. Malaysia's Employees Provident Fund holds an 82.2% stake in the RHB.
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Jonathan Sheikh-Miller, Deputy EditorMonday, December 24 - 2007 at 10:18 UAE local time (GMT+4)
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