People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. REUTERS/Mark Blinch
Canada’s Brookfield Asset Management Inc (BAMa.TO) is in talks to buy the payments business of UAE’s biggest lender First Abu Dhabi Bank PJSC (FAB.AD), Bloomberg News reported on Tuesday. (https://bloom.bg/3p7qWQH)
The unit, called Magnati, could be valued at over $1 billion in the deal, the report said, citing people familiar with the matter.
Brookfield and First Abu Dhabi Bank did not immediately respond to Reuters requests for comment.
The business could also attract bids from other suitors, the Bloomberg report added.
Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber
According to Majid Jafar, CEO of Crescent Petroleum Company, the Middle East military dispute is…
The project kicked off operations in July 2025 and has already witnessed residential real estate…
Residents in the Remraam area of Dubai have received offers of rent reimbursement and resettlement…
PROFX MEDIA ANNOUNCES PROFX EXPO AFRICA 2026 IN CAPE TOWN, UNITING GLOBAL FOREX & FINTECH…
PROFX MEDIA TO HOST PROFINEXPO BANGKOK 2026, A GLOBAL GATHERING OF FINTECH, BANKING & INVESTMENT…
The Tawtheeq system will not allow registration of contracts at rates higher than those of…