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DUBAI, Nov 20 (Reuters) - Abu Dhabi Islamic Bank
ADIB.AD
(ADIB) said on Sunday it was not in any merger talks.
The bank issued the bourse statement in response to a Bloomberg news story published last week which cited unnamed sources saying the Abu Dhabi government might engineer a merger between ADIB and Al Hilal Bank, and another between Abu Dhabi Commercial Bank
ADCB.AD
(ADCB) and Union National Bank
UNB.AD
(UNB).
urn:newsml:reuters.com:*:nL8N1DL045
Trading of shares in ADIB, ADCB and UNB were suspended early on Sunday, an exchange source told Reuters.
(Reporting by Celine Aswad, writing by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The bank issued the bourse statement in response to a Bloomberg news story published last week which cited unnamed sources saying the Abu Dhabi government might engineer a merger between ADIB and Al Hilal Bank, and another between Abu Dhabi Commercial Bank
Trading of shares in ADIB, ADCB and UNB were suspended early on Sunday, an exchange source told Reuters.
(Reporting by Celine Aswad, writing by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))