First Abu Dhabi Bank said that it has resumed exclusive talks to acquire Lebanese Bank Audi activities in Egypt. “These negotiations are subject to the requirements of due diligence examination, agreement on final transactions and the required regulatory approvals,” the bank added in a disclosure statement to the Abu Dhabi Stock Exchange. The UAE"s largest lender suspended the acquisition talks being held last May with Bank Audi officials due to the difficult market conditions caused by the pandemic, but Reuters recently quoted a source saying that the bank intends to resume talks about buying the Lebanese Bank Audi in Egypt. Mohamed Bedeir, CEO and managing director of Bank Audi, said that exclusive negotiations have been resumed between Bank Audi Lebanon and First Abu Dhabi Bank UAE on the sale of its wholly owned subsidiary in Egypt, Bank Audi Egypt, to First Abu Dhabi Bank UAE. He added that the two banks had discussions early in the year and made progress on many points.