Emirates NBD sells $724m shares in Network International
DUBAI, April 10, 2019
Emirates NBD Bank has confirmed the sale of 127,474,500 ordinary shares from its shareholding in Network International for £554.5 million ($724.40 million).
The sale has been carried out through a secondary listing of Network International’s shares on the London Stock Exchange and to MasterCard as a part of the cornerstone investment at an offer price of 435 pence per share, a statement said.
Emirates NBD Bank continues to have a relationship going forward with Network International as a 25.5 per cent shareholder and as a long-standing customer, the bank said. – TradeArabia News Service
