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Abu Dhabi bank deal likely to be merger of equals, not takeover: sources

Published Wed, Jun 22, 2016 · 09:50 PM

London

ABU Dhabi's planned consolidation of two of its largest banks is unlikely to be structured as a takeover of National Bank of Abu Dhabi PJSC by First Gulf Bank PJSC, according to people familiar with the matter.

The emirate may structure the deal as a merger of equals, one of the people said, with two of the sources sa…

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