Goldman Sachs and Qatar National Bank to arrange $800m loan for Travelex acquisition | The National

Goldman Sachs and Qatar National Bank to arrange $800m loan for Travelex acquisition | The National:



"Goldman Sachs and Qatar National Bank (QNB) are arranging a US$800 million loan to help Abu Dhabi-based entrepreneur BR Shetty acquire a majority stake in foreign exchange operator Travelex, he said on Tuesday.



“The jumbo transaction has been finalised, we are happy with the terms,” Bavaguthu Raghuram Shetty said, adding that the financing was expected to be completed by September or October.



QNB declined to comment, while Goldman Sachs did not immediately respond to a request for comment."



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