• Home
  • Business
  • Mastercard to infuse $300m in Network International IPO
Image

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

Microsoft South Africa hires Vukani Mngxati as New CEO

Microsoft has appointed Vukani Mngxati as the new Chief Executive Officer of Microsoft South Africa The announcement underscores…

Mastercard Foundation appoints Sewit Ahderom as next President & CEO

The Mastercard Foundation has appointed Sewit Ahderom as its next President and CEO, succeeding Reeta Roy, who will…

Puma Energy opens first Hybrid CNG station in Tanzania

Puma Energy has marked a significant milestone in Tanzania’s energy sector with the official opening of its first…

Tanzania:CRDB Bank, GIZ launch Sh3bn Fund for entrepreneurs

The CRDB Bank Foundation (CBF), in collaboration with the German development agency GIZ, unveiled a transformative Sh3 billion…

Leave a Reply

Your email address will not be published. Required fields are marked *