First Abu Dhabi Bank has just denied again that it is "evaluating" a possible offer for FTSE 100-listed bank Standard Chartered.
Now, I think this might be the first time in my journalistic career that I have seen a double denial to Bloomberg stories suggesting the opposite. Below are the links to the first statement last month and then this morning's:..
Chums over at FT Alphaville have carried out an interesting dissection of Bloomberg's second Standard Chartered takeover tale.
I have pasted the link below to article, which was written by Bryce "The Flying Scotsman" Elder, now City Editor of FT Alphaville:
https://www.ft.com/content/087c9789-70a2-4d9c-9e81-b2e2497f7284..
Standard Chartered shares have spiked again - around 10pc - thanks to a fresh piece from arch rivals Bloomberg.
Hacks at Bloomie report that Abu Dhabi-based First Abu Dhabi Bank is "pressing ahead" with a potential offer for the FTSE 100-listed bank.
That story comes after First Abu effectively ruled itself out for six months with the usual caveats. Below are the links to its previous statement and today's story from Bloomberg:..
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...
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...
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.....
A couple of weeks ago the Financial Times claimed Barclays was plotting a merger with Standard Chartered. This week the Pink'un is reporting Societe Generale is seeking a tie-up with Italian rival Unicredit. Below is a link to today's splash story:
https://www.ft.com/content/b87ee262-6723-11e8-b6eb-4acfcfb08c11..