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12-Jun-2016

UNB among UAE banks planning to bid for Barclays Egypt

Union National Bank (UNB.AD) is planning to bid for Barclays Egypt according to Cairo based Al Mal newspaper. Emirates NBD is also said to have submitted a non-binding bid for Barclays Egypt. (Bloomberg)   Union Natl. Bank: AED3.45 as of 9 June 2016, Rating: Neutral, FV: AED3.80/share, MCap: USD2,586mn, UNB UH / UNB.AD

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