{"id":91047,"date":"2024-04-18T00:00:00","date_gmt":"2024-04-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adib-taqa-setting-the-record-straight\/"},"modified":"2024-04-18T00:00:00","modified_gmt":"2024-04-18T00:00:00","slug":"adib-taqa-setting-the-record-straight","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/18\/adib-taqa-setting-the-record-straight\/","title":{"rendered":"ADIB + Taqa setting the record straight"},"content":{"rendered":"

ADIB is not moving to acquire a minority stake in Indonesia\u2019s largest Islamic <\/strong>bank:<\/strong> ADX-listed Abu Dhabi Islamic Bank (ADIB) is not planning to acquire a stake in Indonesia\u2019s top Islamic lender, Bank Syariah Indonesia (BSI), denying in a bourse disclosure (pdf)<\/a> \u201cbeing in any negotiations to acquire a stake in such entity.\u201d <\/p>\n

ADIB\u2019s statement came in response to a <\/strong>Reuters<\/a><\/strong> report <\/strong>earlier in the day <\/strong>claiming that the Emirati lender is in early talks to acquire a 15% stake in BSI for USD 1.1 bn from state-owned Bank Rakyat Indonesia<\/a>, which currently holds 17.25% of BSI. Reuters reported that ADIB is aiming to capitalize on the rapidly growing demand for Sharia-compliant lending services in Indonesia, Southeast Asia\u2019s biggest economy. <\/p>\n

About BSI: <\/strong>The Indonesian bank is ranked the 10th biggest Islamic lender worldwide and held a 38% market share in Indonesia's Islamic banking sector as of February 2023. <\/p>\n

IN OTHER M&A FACT CHECKS- <\/p>\n

Taqa confirms it wants Naturgy, but isn\u2019t talking to Naturgy directly:<\/strong> Abu Dhabi National Energy Company (Taqa) confirmed reports it is in talks with two large shareholders \u2014 CVC and GIP \u2014 to potentially acquire their stakes in Spanish renewable energy player Naturgy, according to a disclosure (pdf)<\/a>. The company also confirmed it is discussing \u201ca potential cooperation in relation to Naturgy\u201d with Naturgy\u2019s largest shareholder, Criteria Caixa. However, Taqa denied that it is in direct talks with Naturgy. <\/p>\n","protected":false},"excerpt":{"rendered":"

ADIB is considering buying the stake from state-owned Bank Rakyat Indonesia<\/p>\n","protected":false},"author":1,"featured_media":91048,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[407,60,152],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-abu-dhabi-islamic-bank","tag-ma-watch","tag-taqa","wpautop","entry"],"acf":{"mongo_id":"045e9633-c047-49c4-aa88-b6d0e8b0e13a","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2013.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ADIB denies plans to buy USD 1.1 bn stake in Indonesia\u2019s largest Islamic lender + Taqa denies negotiating with Naturgy","related_issue":[91043],"teaser":"ADIB is considering buying the stake from state-owned Bank Rakyat Indonesia","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.391c3503-a6d8-42ac-a837-9caf3ea9755a.mp3"},"yoast_head":"\nADIB + Taqa setting the record straight - 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