Owner of Travelex, UAE Exchange prepares for potential London IPO:
"Currency and money transfer firms Travelex and UAE Exchange are to come together under one holding company in preparation for a possible stock market listing in London, executives said on Monday. The holding company Finablr will be incorporated in Britain, subject to regulatory approval, and will become the umbrella for United Arab Emirates-based business tycoon Bavaguthu Raghuram Shetty’s financial service brands. Shetty, UAE Exchange’s biggest shareholder, bought UK-based Travelex in January 2015 for 800 million pounds ($1.1 billion)."
'via Blog this'
No comments:
Post a Comment