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Abu Dhabi fund eyes sale of $1.3B Malaysia Bank stake

Abu Dhabi fund eyes sale of $1.3B Malaysia Bank stake

An Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the shares, sources familiar with the matter told Reuters, and has engaged in early talks with Japan's Sumitomo Mitsui Banking Corp (SMBC).

February 14, 2012 2:21

ADCB to net $272 mln in profits from RHB stake sale

ADCB sold its 24.9 percent stake in RHB to Aabar; Says funds to be used to strengthen balance sheet; ADCB shares rise 2.5 percent on Abu Dhabi bourse - reuters

June 19, 2011 10:27

Abu Dhabi to remain invested in Malaysia’s RHB

Abu Dhabi Commercial Bank (ADCB) on Friday signed an agreement to sell its 25 percent stake in RHB Capital to Aabar Investments, an Abu Dhabi investment fund, for 10.80 ringgit per share. - reuters

June 18, 2011 2:57