Posts tagged: First Abu Dhabi Bank PJSC

First Abu Dhabi Bank said to explore bid for Standard Chartered, reveals Bloomberg - Part 3

Monday, 9 January 2023, 7:45 pm

Are you still wondering what First Abu Dhabi Bank's fleeting tilt at FTSE 100-listed Standard Chartered was all about?

Well, so is little old Betaville. One piece of the jigsaw might be in a piece by the Financial Times about the Abu Dhabi-listed International Holding Company.

It has grown from a fish farm, food and real estate company to a $240 billion conglomerate with a 150,000 employees in the space of three years...

Read more...

First Abu Dhabi Bank said to explore bid for Standard Chartered, reveals Bloomberg - Part 2

Thursday, 5 January 2023, 2:19 pm

Well, that takeover bid for Standard Chartered wasn't much of a bid after all!

First Abu Dhabi Bank just released a statement after the Bloomberg scoop confirming the institution had been taking a look at Standard Chartered but now had decided against the idea. The shares have fallen back around 15pc...

Read more...

First Abu Dhabi Bank said to explore bid for Standard Chartered, reveals Bloomberg

Thursday, 5 January 2023, 1:36 pm

Arch rivals at Bloomberg have just started the new year with an M&A whopper.

According to Bloomie, First Abu Dhabi Bank PJSC has been exploring a takeover bid for Standard Chartered and has appointed advisers to work on the deal.

Standard Chartered have spiked almost 20pc on the scoop. Betaville assumes statements will be released shortly.....

Read more...