Goldman Sachs wins advisory on Dubai banks merger
DUBAI, April 9 (Reuters) - Goldman Sachs (GS.N) won a contract to advise Emirates Bank International EBIL.DU and National Bank of Dubai NBDD.DU (NBD) on merging, the lenders said in a statement on Monday.
The two banks, in which the goverment of Dubai has stakes, said last month they would merge. That would create the Gulf's biggest lender.
The Dubai government controls Emirates Bank and has 14 percent of NBD.
The banks did not give more details in the statement.
((Writing by James Cordahi, editing by Rory Channing; Gulf newsroom + 971 4 391 8301; Fax + 971 4 391 8335; Email: dubai.newsroom@reuters.com)) Keywords: GOLDMAN DUBAI/BANKS
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