Abu Dhabi Group contacted buyers to
gauge their interest in buying its stake in
Pakistan’s United Bank, the nation’s third-biggest lender.
“We confirm having
received an unsolicited offer for our shares in United
Bank,” Abu Dhabi Group said in a
letter to United Bank.
sent a copy of that letter to the stock exchange on Wednesday.
“We have privately initiated contact with certain other buyers to solicit their interest in buying our stake.”
For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.