National Bank of Canada denies media report of talks to sell its Cambodian unit

National Bank of Canada on Tuesday denied a media report that said it was in talks to sell its Cambodian unit, ABA Bank.

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Bloomberg News on Tuesday reported that the lender was exploring options for ABA Bank, including its sale for more than $2 billion.

National Bank of Canada is currently not engaged in any process or negotiations for the sale of ABA Bank, nor has it hired any advisers, the bank said in a statement.

In full: https://www.reuters.com/markets/deals/national-bank-canada-weighs-sale-cambodian-unit-bloomberg-news-reports-2024-03-12/