Tuesday 09, October 2018 by Kudakwashe

Emirates NBD unit plans IPO

 

Emirates NBD holds a 51 per cent stake in Network International (NI).

Emirates NBD has announced that its unit, NI, along with its shareholders are evaluating various strategic option which may include an initial public offering (IPO).

In a bourse filing, the lender said that at the moment no decision has been taken whether NI or its shareholders will proceed with any transaction.

NI is a payment solution provider in the Middle East and Africa region.

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