Monday, 19 November 2018

Mideast ride-hailing firm Careem working with Jefferies: sources | Reuters

Mideast ride-hailing firm Careem working with Jefferies: sources | Reuters:

Middle East ride-hailing firm Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential Middle East M&A deal with Uber Technologies, three sources familiar with the matter told Reuters.

The appointment of Jefferies (JEF.N) indicates that talks between the two companies over a potential deal have become more serious, two of the sources said. Careem and Jefferies declined to comment.

Uber declined to comment on a potential deal with Careem.

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