Network International mulls IPO
DUBAI, September 22, 2015
Network International, a developer of payment processing solutions, is considering strategic options including an initial public offer, Dubai-based lender Emirates NBD said on Tuesday, referring to the firm as its affiliated associate.
Emirates NBD said in a bourse statement that no decisions had been taken yet on the matter and provided no details of the potential offer.
Network International, in a press statement, said it was evaluating various strategic options. "This may include a potential IPO. At this point in time, no decisions have been taken as to whether the shareholders of NI will proceed with any such transaction."
"In the event NI’s shareholders decide to proceed with any transaction, further announcements will be made in due course in accordance with the applicable laws and regulations," it added. -Reuters and TradeArabia News Service