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Mastercard to invest AED1.1 billion in shares of Emirates NBD’s arm

2019-03-27 09:39:34 GMT (Economies.com)
 

Global payments giant Mastercard said it will invest $300 million (AED 1.1 billion) in the planned London IPO of payments processor Network International, a subsidiary of Emirates NBD.

 

Mastercard said it would invest in shared projects with Network International in the Middle East and Africa as part of the deal.

 

Network International is currently jointly owned by Dubai bank Emirates NBD and private equity firms Warburg Pincus and General Atlantic

 

Mastercard said its investment would be based on the same terms as institutional investors participating in the IPO.

 

The deal is subject to Mastercard's ownership being limited to 9.99% and Network International achieving a free float of at least 25%.

 
 
 
  Symbol Last Change Chg.%
1.1802
0.0092
0.7874%
1.3075
0.0060
0.4591%
Tadawul
7499.97
10.08
0.13%
28.497
4.250
17.528%
41.645
1.210
2.993%
44.94
-0.15
0.33%
2056.895
87.540
4.445%
 
 
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