11:18 AM EDT, 03/12/2024 (MT Newswires) -- National Bank of Canada ( NTIOF ) is exploring options including a sale of its Cambia-based bank, ABA Bank, which could be valued at US$2+ billion in a deal, Bloomberg News reports, citing people familiar with the matter.

National Bank has held initial discussions with advisers on a strategic review for one of Cambodia's biggest lenders, Bloomberg News said. Other options include minority or majority stake sales, the unnamed people said.

According to the Bloomberg report, a representative for National Bank of Canada ( NTIOF ) declined to comment. ABA Bank did not immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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