Mastercard to infuse $300m in Network International IPO
Global payments giant Mastercard has disclosed its decision to invest $300 million as a cornerstone investor in the planned London float of payments processor Network International.
Dubai-based Network International is the largest payments processor in the Middle East and Africa and set to be the first international IPO in London this year.
Network International is aiming at a valuation of around $3 billion according to banking sources.
Mastercard said it would invest in shared projects with Network International in the Middle East and Africa as part of the deal.
Network International is currently jointly owned by Dubai bank Emirates NBD and private equity firms Warburg Pincus and General Atlantic.
Related Posts
Muhumuza champions open contracting for sustainable procurement at Africa Summit
Edwin Muhumuza, Head of Africa at the Open Contracting Partnership, championed open contracting as a critical driver for…
By
EnergyInc Advisors to propel Africa’s energy & infrastructure dev’t
EnergyInc Advisors, a new Africa-focused strategic advisory firm, has officially launched, poised to transform the landscape of energy,…
Genesis Energy,Desert Tech. announce clean energy alliance
Genesis Energy Holding, a Pan-African leader in clean energy infrastructure, and Desert Technologies Industries Factory CJSC, a Saudi-based…
Mouka reaffirms raw material leadership in Africa
Mouka, Nigeria’s leading manufacturer of quality sleep solutions and a proud member of the Dolidol International group, has…
Gallery
