Dubai – Mubasher: Emirates NBD on Sunday confirmed that the Greenshoe option has been exercised by selling 15% of Network International’s offering size from the selling shareholders to Citigroup Global Markets Limited.

The Dubai-based lender has finalised the sale of 15.3 million over-allocated shares at GBP 0.435 per share, Emirates NBD said in a statement to the Dubai Financial Market (DFM).

Accordingly, the gross proceeds from the sale amounted to GBP 66.55 million, the statement added.

Last week, Emirates NBD has confirmed the sale of 127.47 million ordinary shares in Network International, the largest payment-processing firm across the Middle East and Africa.