DUBAI, Nov 20 (Reuters) - Abu Dhabi Commercial Bank
ADCB.AD
(ADCB) said on Sunday it was not in any merger talks.
The bank issued the bourse statement in response to a Bloomberg news story last week, citing unnamed sources, that the Abu Dhabi government might engineer a merger between ADCB and Union National Bank
UNB.AD
(UNB), and another between Abu Dhabi Islamic Bank
ADIB.AD
and Al Hilal Bank.
urn:newsml:reuters.com:*:nL8N1DL045
Trading of shares in ADCB, UNB and ADIB were suspended early on Sunday, an exchange source told Reuters.
ADIB on Sunday denied it was in any merger talks.
(Reporting by Celine Aswad, writing by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The bank issued the bourse statement in response to a Bloomberg news story last week, citing unnamed sources, that the Abu Dhabi government might engineer a merger between ADCB and Union National Bank
Trading of shares in ADCB, UNB and ADIB were suspended early on Sunday, an exchange source told Reuters.
ADIB on Sunday denied it was in any merger talks.
(Reporting by Celine Aswad, writing by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
