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Tuesday 04 September, 2018

Abu Dhabi Comm Bnk

Statement on potential merger or combination

RNS Number : 7238Z
Abu Dhabi Commercial Bank PJSC
04 September 2018
 

 

NOTICE TO HOLDERS OF NOTES ISSUED UNDER ADCB FINANCE (CAYMAN) LIMITED'S U.S.$9,000,000,000 GLOBAL MEDIUM TERM NOTE PROGRAMME UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY ABU DHABI COMMERCIAL BANK PJSC

 

Statement on potential merger or combination

 

Following recent reports in the media, Abu Dhabi Commercial Bank PJSC ("ADCB") announces the commencement of exploratory talks regarding a potential merger with Union National Bank PJSC. Similar and separate discussions have also commenced with the shareholders of Al Hilal Bank PJSC.

 

Both sets of discussions are currently at a very preliminary stage and may not result in a transaction.

 

ADCB is committed to the highest standards of regulatory disclosure and will update its noteholders if and when there are any material developments.

 

For further information, please contact:

 

Abu Dhabi Commercial Bank PJSC

PO Box 939

Abu Dhabi

United Arab Emirates

 

Attention:  Denise Caouki 

Telephone:  +971 2 696 2084 

Email:  [email protected]


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