Entertainer’s shareholders considering stake sale in the voucher firm
The Entertainer’s shareholders, including buyout firm Abraaj Group, are considering selling a 30% stake in the Dubai-based coupon and incentives company, which could value the business at about USD300 mn. The investors are working with financial advisers on the potential stake sale, which may attract interest from technology investment firms and Chinese internet companies. Abraaj has been working to sell assets in the Middle East and North Africa in recent months to take advantage of investor appetite for businesses in the region. (Bloomberg)
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