Morgan Stanley Said Hired to Advise on Sale of Abu Dhabi’s Dunia - Bloomberg Business:
"Dunia Finance LLC, whose shareholders include Mubadala Development Co. and a unit of Temasek Holdings Pte, hired Morgan Stanley to explore a sale of the company, people with knowledge of the matter said.
A formal sale process for the consumer finance business has started and is likely to attract banks and other financial institutions, four people said, asking not to be identified as the information is private. Dunia, based in Abu Dhabi, may fetch about $400 million in a sale, the people said.
Dunia profits rose 61 percent to 191 million dirhams ($52 million) and it had assets of 1.6 billion dirhams in 2014, the company said in March. It was established in 2008 and offers financial products including loans, credit cards, deposits for non-individual customers, and finance for small businesses, according to its website."
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