A spokesman for Morgan Stanley declined to comment.Įmirates NBD last year proposed selling new shares to help fund the acquisition of Turkey’s Denizbank AS. Banks haven’t formally been hired for the sale and the situation may change, they said.Ī spokeswoman for Citigroup declined to comment.
The shares fell.Įmirates NBD PJSC may also involve its investment banking division, Emirates NBD Capital Ltd., in the process and could hire other banks as well, the people said, asking not to be identified because the discussions are private.
and Morgan Stanley to manage a rights share offering of as much as $2 billion, people with knowledge of the matter said. (Bloomberg) - Dubai’s biggest bank is close to appointing Citigroup Inc.
