First Abu Dhabi no longer considering bid for Standard Chartered

Sharecast

Published Jan 05, 2023 14:07

First Abu Dhabi no longer considering bid for Standard Chartered

Sharecast - 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 (LON:STAN), 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.

Read more on Sharecast.com