Future Of British Business

First Abu Dhabi Bank Explored Offer for Standard Chartered

FAB says ‘no longer’ evaluating bid after Bloomberg report
Bank had been assessing Standard Chartered for over six months

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By Ambereen Choudhury, Dinesh Nair, and Nicolas Parasie

January 5, 2023 at 1:27 PM UTC

Updated on

January 5, 2023 at 3:10 PM UTC

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First Abu Dhabi Bank PJSC said it explored a potential bid for Standard Chartered Plc, in what would have been a complex deal aimed at building an emerging markets lender with more than $1 trillion of assets.