Emirates NBD Bank has announced the sale of 127,474,500 ordinary shares from its shareholding in Network International 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.

Gross Proceeds from the sale amount to GBP554.5 mn.

Emirates NBD Bank continues to have a relationship going forward with Network International as a 25.5 percent shareholder and as a long-standing customer.