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UAE’s Emirates NBD says affiliate mulls IPO

UAE’s Emirates NBD says affiliate mulls IPO

Emirates NBD did not provide any more details of the potential offer

Network International, a developer of payment processing solutions, is considering strategic options including an initial public offer, Dubai-based lender Emirates NBD said on Tuesday, referring to the firm as its affiliated associate.

Emirates NBD said in a bourse statement that no decisions had been taken yet on the matter and provided no details of the potential offer.

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