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
NEW: NCBA, KEPROBA to drive SME export growth in Kenya
NCBA has reaffirmed its support for Kenyan businesses seeking to compete in regional and international markets by convening…
By
Aradel to launch new petrol refining at modular facility
Aradel Holdings Plc is preparing to begin gasoline production at its modular refinery in 2027, following the removal…
AFC leads new investors in $2.5bn Dangote refinery private placement
The Africa Finance Corporation (AFC) has led a consortium of strategic investors in a landmark US$2.5 billion private…
NEW: Ecobank, Eco Stove to drive clean cooking in Uganda
Ecobank Uganda has partnered with Eco Stove Ltd to launch a Green Energy Financing Programme aimed at helping…
Gallery
