Emaar considers sale of Namshi
Emaar considers sale of Namshi
Source: Reuters
Dubai's Emaar (EMAR.DU) is weighing options to sell fashion e-commerce business Namshi that may include a listing abroad via a SPAC, three sources familiar with the matter said.
An outright sale of Namshi may generate $600 million to $700 million in proceeds, while a listing through a special purpose acquisition company (SPAC) could be more lucrative, said one of the sources.
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