British lender Lloyds Banking Group is in talks to dispose of its operations in the UAE, with Abu Dhabi Commercial Bank emerging as the frontrunner to pick up the business, sources told Reuters this week. The bank, which is 40 percent owned by the UK government, has appointed Rothschild as an adviser for the sale. ADCB now appears the most likely acquirer of the business as the bank looks to expand its retail banking operations. Both Lloyds and ADCB were not immediately available for comment, reported Reuters.
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