Business
www.independent.co.uk
standard
First Abu Dhabi Bank could be reconsidering a takeover offer for the London-listed banking giant worth up to 35 billion dollars, reports said.
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy notice Thanks for signing up to the
Breaking News email {{ #verifyErrors }} {{ message }} {{ /verifyErrors }} {{ ^verifyErrors }} Something went wrong. Please try again later {{ /verifyErrors }}
Shares in global bank Standard Chartered have jumped by about a tenth as fresh reports emerged that the largest bank in the United Arab Emirates could be reconsidering a multi-billion dollar takeover offer.
First Abu Dhabi Bank (FAB) said in December that it had been mulling a takeover bid, but that the possible offer had been abandoned.
On Thursday, it emerged that FAB could again be considering a bid for the London-listed banking giant worth 30 to 35 billion US dollars (£24.7 billion to £28.8 billion), according to reports from Bloomberg.
Standard Chartered declined to comment and FAB could not immediately be reached for comment.
But the…
Anna Wise
Read full article
