Dubai's SellAnyCar.com hires bank to advise on possible stake sale -sources | Reuters:
Dubai’s SellAnyCar.com, an online marketplace for used cars, has hired boutique investment bank Evercore to advise the company on strategic options that may include a stake sale, sources told Reuters.
Shareholders will determine the size of the stake after proposals are submitted which are due in the next few weeks, which could be a strategic stake, said two sources, who spoke on conditions of anonymity due to commercial sensitivities.
The company is fundraising to expand and increase the number of products it offers, a third source said.
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