ADCB shares up on RHB Capital news

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Shares for Abu Dhabi Commercial Bank have increased 8.4% this week following the news the bank would be unloading its 25% stake in Malaysian bank RHB Capital.  Stock in ADCB Wednesday morning was up 1.3% alone.  Rumours abound as to who will buy the stake, but an anonymous official said the Abu Dhabi Investment Council was among the interested parties.  Malaysian banks Maybank and CIMB Group are also said to be interested.  Goldman Sachs and Merril Lynch are advising ADCB of its options.

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Reading Time: 1 minute

Shares for Abu Dhabi Commercial Bank have increased 8.4% this week following the news the bank would be unloading its 25% stake in Malaysian bank RHB Capital.  Stock in ADCB Wednesday morning was up 1.3% alone.  Rumours abound as to who will buy the stake, but an anonymous official said the Abu Dhabi Investment Council was among the interested parties.  Malaysian banks Maybank and CIMB Group are also said to be interested.  Goldman Sachs and Merril Lynch are advising ADCB of its options.

Reading Time: 1 minute

Shares for Abu Dhabi Commercial Bank have increased 8.4% this week following the news the bank would be unloading its 25% stake in Malaysian bank RHB Capital.  Stock in ADCB Wednesday morning was up 1.3% alone.  Rumours abound as to who will buy the stake, but an anonymous official said the Abu Dhabi Investment Council was among the interested parties.  Malaysian banks Maybank and CIMB Group are also said to be interested.  Goldman Sachs and Merril Lynch are advising ADCB of its options.

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