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.


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.

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