First Abu Dhabi no longer considering bid for Standard Chartered
First Abu Dhabi Bank said on Thursday that it was no longer interested in buying Standard Chartered.
Banks
4,870.34
12:54 24/12/24
0.82%
39.54
FTSE 100
8,136.99
12:59 24/12/24
n/a
n/a
FTSE 350
4,491.87
12:54 24/12/24
n/a
n/a
FTSE All-Share
4,449.61
13:14 24/12/24
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Standard Chartered
990.80p
12:54 24/12/24
1.02%
10.00p
Responding to press speculation, First Abu Dhabi confirmed it had previously been at the "very early" stages of evaluating a possible offer for Standard Chartered, but is no longer doing so.
At 1355 GMT, StanChart shares were up 6% at 700p, having jumped to as high as 797.40p earlier after Bloomberg reported on the potential deal.