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
Agboola advocates stronger cross-border infrastructure
Flutterwave CEO and Founder, Olugbenga “GB” Agboola , has called for accelerated investment in Africa’s cross-border payment infrastructure…
By
Munga increases stake in Equity Group by over $1.2m
Equity Group founder, Peter Munga, has made a strong return to the lender’s shareholder register, purchasing 3.64 million…
Nigerian Breweries gains N383bn revenue in Q1 2025
Nigerian Breweries Plc (NB) has posted a strong financial turnaround, recording a 69 per cent increase in net…
IHS Brazil expands Amazon coffee initiative
IHS Brazil has planted approximately 20,000 new seedlings across 10 hectares as part of its ongoing support for…
Gallery
