M&A Deal Summary

Abu Dhabi Commercial Bank P.J.S.C. Acquires Royal Bank of Scotland - UAE Retail Banking business

On October 1, 2010, Abu Dhabi Commercial Bank P.J.S.C. acquired financial services company Royal Bank of Scotland - UAE Retail Banking business from NatWest Group

Acquisition Highlights
  • This is Abu Dhabi Commercial Bank P.J.S.C.’s 1st transaction in the Financial Services sector.
  • This is Abu Dhabi Commercial Bank P.J.S.C.’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2010-10-01
Target Royal Bank of Scotland - UAE Retail Banking business
Sector Financial Services
Buyer(s) Abu Dhabi Commercial Bank P.J.S.C.
Sellers(s) NatWest Group
Deal Type Divestiture

Target

Royal Bank of Scotland - UAE Retail Banking business

United Arab Emirates
UAE Retail Banking business provides retail banking services which includes loans and deposit services.

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Buyer(S) 1

Buyer

Abu Dhabi Commercial Bank P.J.S.C.

Abu Dhabi, United Arab Emirates

Category Company
Sector Financial Services
DESCRIPTION

Abu Dhabi Commercial Bank P.J.S.C. provides retail, commercial, and Islamic banking products and services in the United Arab Emirates and internationally.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

NatWest Group

Edinburgh, United Kingdom

Category Company
Founded 1727
Sector Financial Services
Employees59,400
Revenue 14.7B GBP (2024)
DESCRIPTION

NatWest Group provides support to customers to manage their finances and do business. NatWest Group was founded in 1727 and is based in Edinburgh, the United Kingdom.


DEAL STATS #
Overall 13 of 18
Sector: Financial Services M&A 9 of 11
Type: Divestiture M&A Deals 11 of 15
Country: United Arab Emirates M&A 1 of 1
Year: 2010 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-27 The Royal Bank - Chilean Business

Chile

The Royal Bank of Scotland N.V - Chilean Business comprises corporate and commercial banking operations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 The Priory Group

Leatherhead Surrey, United Kingdom

Founded in 1980, Priory Group is a UK based operator of facilities for the treatment of mental illness, neurological injuries, addictions and eating disorders, and other conditions such as learning and behavior disorders. More than 30,000 patients are treated each year in more than 450 facilities across the country.

Sell £925M