Deals
National Bank of Canada Weighs Options for Cambodian Unit
- Canadian bank is seeking over $2 billion valuation for unit
- A minority or majority stake sale, full exit are among options
A National Bank of Canada branch in Toronto.
Photographer: Della Rollins/BloombergThis article is for subscribers only.
National Bank of Canada is exploring options including a sale of ABA Bank, which could be valued at more than $2 billion in a deal, according to people familiar with the matter.
The Montreal-based bank has held initial discussions with advisers on a strategic review for one of Cambodia’s biggest lenders, said the people, asking not to be identified as the process is private. Other options include minority or majority stake sales, the people said.