Emirates NBD unit stake sale decision seen mid-August -sources | Reuters

At least three private equity firms have bid for a minority stake in Network International, the Dubai payment company owned by Emirates NBD ENBD.DU, with a decision seen by mid-August at the earliest, sources said.

A deal could take longer to conclude, however, as Emirates NBD is still undecided on how much and when to sell a stake in the business, two banking sources told Reuters on Tuesday.

Emirates NBD has for more than a year considered how to support the international expansion plan of Network International, which one of the two sources expects will achieve a valuation of over $1 billion.