Brookfield said to be in talks for payments arm of the UAE’s largest bank – ArabianBusiness
- Date: 22-Feb-2022
- Source: Arabian Business
- Sector:Financial Services
- Country:UAE
Brookfield said to be in talks for payments arm of the UAE’s largest bank – ArabianBusiness
Brookfield Asset Management Inc is in talks to buy the payments business of the UAE’s largest lender First Abu Dhabi Bank, according to people familiar with the matter.
The Canadian investor is the frontrunner to acquire the Magnati unit, the people said, asking not to be identified as the matter is private.
A deal will likely value Magnati at more than $1 billion, the people said.
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