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Deals Rumor Mill: Bank of Sharjah, Penta Investments, Actis

By Benjamin Horney (November 22, 2017, 2:49 PM EST) -- Two United Arab Emirates financial institutions are mulling a merger that could create a single entity boasting about 50.6 billion dirhams ($13.8 billion) worth of assets, according to a Wednesday report from Reuters. According to the report, Bank of Sharjah and InvestBank have been holding discussions about a potential union for parts of the last year. JPMorgan Chase & Co. is advising Bank of Sharjah, the report noted....

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