January 06, 2025 07:31 GMT
EM CEEMEA CREDIT: MASQUH: Sale of NEOPAY stake, neutral for spreads
EM CEEMEA CREDIT
Mashreq Bank (MASQUH; A3/A/A)
Sale of NEOPAY stake, neutral for spreads
- MASQUH announced completion of the sale of a majority stake in its digital payments’ unit NEOPAY. The deal was first announced back in September. MASQUH retains a minority stake. Neutral for spreads.
- “Arcapita and DgPays Consortium Completes $385 Million Acquisition of Majority Stake in NEOPAY from Mashreq” – Source: Mashreq Bank
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