Monday 27 June 2016
 
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merger

Abu Dhabi banks' merger move seen just the start

A potential merger between two of Abu Dhabi’s biggest banks may just be the start of consolidation in the industry. That’s according to analysts from EFG-Hermes Holding and Emirates NBD, who say the UAE needs more tie-

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NBAD, FGB confirm talks over possible merger

National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) on Sunday confirmed they were in talks over a possible merger or a combination of the two businesses. Reuters, citing sources aware of the matter, had reported on Thursda

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NBAD, FGB in early merger talks

National Bank of Abu Dhabi and First Gulf Bank have held preliminary discussions on a possible merger of the Abu Dhabi-based lenders, two sources with knowledge of the matter said on Thursday. "There's a proposal to merge

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People risks top focus of M&A activity: report

People risks, including employee retention, cultural integration, benefit levels and overall talent management, remain a top focus during mergers and acquisitions (M&A), revealed a report.   The report, recen

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Merger deal to create second biggest Omani bank

Oman’s Bank Sohar reached an agreement with Bank Dhofar on the terms of a proposed merger that would create a bank with combined assets of almost $16 billion, a Bloomberg report said. Each Bank Dhofar share will be exchanged

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Saudi Aramco, Sabic rule out petchem units merger

National oil giant Saudi Aramco and Saudi Basic Industries Corp denied on Saturday they had any plans to merge their petrochemicals businesses after media reports on the possibility. "The companies wish to clarify that they h

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Saudi Aramco, Sabic rule out petchem units merger

National oil giant Saudi Aramco and Saudi Basic Industries Corp denied on Saturday they had any plans to merge their petrochemicals businesses after media reports on the possibility. "The companies wish to clarify that they h

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Gulf Hotels, Bahrain Tourism Company agree $92m merger

Shareholders of the Gulf Hotels Group and the Bahrain Tourism Company (BTC), which owns the kingdom's Crowne Plaza and the Bahrain Conference Centre, have approved a proposal for a BD35 million ($92.2 million) merger deal. Sep

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Halliburton, Baker Hughes scrap $28bn merger

Oilfied services provider Halliburton and smaller rival Baker Hughes announced the termination of their $28 billion merger deal on Sunday after opposition from US and European antitrust regulators. The tie-up would have brought to

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Lufthansa CEO eyes airline mergers in Europe

German airline Lufthansa wants to take part in much-needed industry consolidation in Europe so carriers can compete better with US and Asian rivals, chief executive Carsten Spohr said on Thursday. Spohr told an annual shareholders

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