Dubai's Emirates NBD confirms sale of shares in Network International | ZAWYA MENA Edition:
Emirates NBD, Dubai’s largest lender, which holds more than 20 percent stake in Network International has confirmed the sale of an aggregate of 52.6 million ordinary shares in the share capital of the payment processor.
The bank executed the sale of shares via an accelerated bookbuild to institutional investors at a price of 580 pence per ordinary share.
Dubai-based Network International is the largest payments processor in the Middle East and Africa and went for the first international IPO in London in April.
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