Brookfield agrees £2.2bn acquisition of payment processor Network International

Canadian funding group Brookfield Asset Administration has agreed to purchase Center Jap bank card processor Community Worldwide within the newest high-profile takeover of a public firm by non-public fairness.

The deal introduced on Friday values the UK-listed firm at £2.2bn and represents a 64 per cent premium to Community Worldwide’s share worth earlier than the beginning of the provide interval. Community Worldwide’s administrators have backed the provide.

If the transaction is accomplished, Brookfield plans to mix the enterprise with Magnati, the previous funds unit of First Abu Dhabi Financial institution, during which it purchased a majority stake final 12 months.

This can be a growing story.

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