28.03.2011 - ADCB to decide on RHB stake sale in 2-3 weeks, banker says
Abu Dhabi Commercial Bank, the UAE’s third-biggest bank by assets, will decide in two to three weeks on whether to sell a 25 percent stake in RHB Capital, a banker familiar with the matter said. ADCB, which acquired the stake in the Malaysian lender in 2008 for 3.9 billion ringgit ($1.3bn), has hired Goldman Sachs Group to advise on whether to sell the holding, the person said, declining to be identified because of confidentiality restrictions. Another bank also may be hired, the person said...........................................Full Article: Source
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