First Abu Dhabi Bank said on Thursday that it was no longer interested in buying Standard Chartered.
Source: 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, 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.
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