Abu Dhabi Bank FGB Investor Said to Pull Deutsche-Led Sale

  • Deutsche Bank tried to sell $330 million stake for investor
  • Sale had already been priced and allocated to investors

A shareholder in First Gulf Bank PJSC, the Abu Dhabi-based bank part owned by the government and the Al Nahyan ruling family, canceled a share sale valued at about 1.2 billion dirhams ($330 million), according to people familiar with the matter. The shares surged the most in more than a decade.

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