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

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.....

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Date: Thursday, 5 January 2023, 1:36 pm

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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