ADCB shares up on RHB Capital news

ADCB shares up on RHB Capital newsShares 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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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.

ADCB shares up on RHB Capital newsShares 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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply