VOL. XXXV
NO. 38
22-JUNE-1992
Financial and Banking News
Regional Banking
ADIA Acquires BCCI's Share of Union National Bank
The Abu Dhabi Investment Authority (ADIA) has acquired BCCI's 40% share ofUnion National Bank (UNB), formerly the Bank of Credit and Commerce Emirates,following approval of the takeover on 12 June by a British court which is rulingon the liquidation of BCCI and the distribution of whatever assets can besalvaged. The acquisition increases ADIA's share of UNB to 50.04%. It will...
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