Announced
Completed
Financials
Tags
United Arab Emirates
banking services
Friendly
Public
Banks
Acquisition
Merger
Completed
Majority
Single Bidder
Synopsis
Abu Dhabi Commercial Bank, a bank in the United Arab Emirates, completed its merger with Union National Bank, a bank based in Abu Dhabi, in a $4bn deal. “This is a very exciting transaction that will create a larger, preeminent and resilient banking group. It is a landmark deal for the UAE that will contribute significantly to our national ambitions. A robust and innovative financial sector is crucial to the long-term prosperity of the UAE, as the country forges its transition to a diversified economy, connected to global markets by business and personal networks, trade and investments,” Al Suwaidi, Chairman designate of the new banking group.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.