DUBAI, Nov 20 (Reuters) - Abu Dhabi's Union National Bank
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 Abu Dhabi Commercial Bank
In separate statements earlier on Sunday, ADIB and ADCB both denied they were in any merger talks.
(Reporting by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
Keywords: EMIRATES M&A/UNB
DUBAI, Nov 20 (Reuters) - Shares in Abu Dhabi bank Union National Bank
Shares in the bank, along with those of Abu Dhabi Commercial Bank
The shares jumped last week on renewed speculation that the Abu Dhabi government might engineer a merger between ADCB and UNB, and another between ADIB and Al Hilal Bank, as part of an efficiency drive.
In a statement on Sunday, UNB 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))
Keywords: EMIRATES BANKS/STOCKS UNB