National Bank of Canada weighs sale of Cambodian unit valued at more than US$2bil

PHNOM PENH (Bloomberg): National Bank of Canada is exploring options including a sale of ABA Bank, which could be valued at more than US$2 billion in a deal, according to people familiar with the matter.

The Montreal-based bank has held initial discussions with advisers on a strategic review for one of Cambodia’s biggest lenders, said the people, asking not to be identified as the process is private. Other options include minority or majority stake sales, the people said.