LONDON (ShareCast) - European Islamic Investment Bank (EIIB), the Sharia compliant investment bank, responded to the recent surge in its share price and admitted that it had received approaches.
"The board of EIIB notes the recent movement
in its share price and announces that it has received a number of preliminary approaches from third parties," said the group
EIIB's share price has surged 40% in the last two days.
The group added that these preliminary approaches may not lead to an offer.
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