UAE Exchange, one of the largest foreign exchange firms in the United Arab Emirates, has sold a 40-percent stake to Centurion Investment, the companies said on Tuesday, in a deal said to be worth $2 billion.
"Centurion has acquired a 40 percent stake in UAE Exchange to expand its business in the financial sector," a statement from Abu Dhabi-based Centurion said, without giving a value for the deal.
a source directly involved in the sale told Reuters: "The deal is valued at $2 billion."
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