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Dubai 05-09-2019 / WAM
Emirates NBD announced the sale of 52.6 million ordinary shares of Network International at a price of 580 cents a share. The deal was worth £ 304.9 million.
The bank said in a statement posted on the Dubai Financial Market that it will retain 59.7 million ordinary shares of the company’s capital shares, or 11.9% of the total issued shares, adding that it will not receive any amounts resulting from the IPO.
He added that the list of groups that acted as coordinator and managing director of the IPO included Citigroup Global Markets Ltd, Morgan Stanley & Co International Plc, JP Morgan Securities Plc and Emirates NBD Capital Limited.
In April, Emirates NBD announced the sale of 127.47 million ordinary shares of its share in Network International at a price of 435 cents per share for a total value of £ 554.5 million, through the secondary listing of the company’s shares on the London Stock Exchange. On the completion of the sale of the option of increasing the allocation of 15.3 million shares at 435 pence per share, worth 66.55 million pounds.
