Emirates NBD confirms sale of 127.5 million shares

The bank will get a total of GBP 554.5 million from the sale.

Emirates NBD Bank has confirmed the sale of 127,474,500 ordinary shares from its shareholding in Network International.
The sale has been carried out through a secondary listing of Network International's shares on the London Stock Exchange and to MasterCard as a part of the cornerstone investment at an offer price of 435 pence per share.
The bank will get a total of GBP 554.5 million from the sale.
Emirates NBD Bank continues to have a relationship going forward with Network International as a 25.5 per cent shareholder and as a long-standing customer, the bank said.