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US-listed Brookfield to buy 60% of First Abu Dhabi Bank’s payment subsidiary
First Abu Dhabi Bank, the UAE’s largest lender by assets, has signed an agreement to sell a 60 per cent stake in its payments business Magnati to New York-listed Brookfield Business Partners, valuing the company at up to $1.15 billion. The transaction comes after Magnati was carved out into a…
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