Network International buys Emerging Markets Payments Group
Network International (NI), a Dubai based payments processor which is 51% owned by ENBD (ENBD.DU), agreed to buy Emerging Markets Payments Group for over USD300 million from PE firm Actis. The move would enable NI to increase its footprint in Middle East and Africa. Warburg Pincus and General Atlantic bought a combined stake in NI from Abraaj three months ago. (Bloomberg)
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