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Actis agrees to sell Emerging Markets Payments
CAIRO, Egypt, Capital Markets in Africa — Actis, a leading growth markets investor, today confirmed an agreement to sell Emerging Markets Payments (‘EMP’), the leading Africa and Middle East payments business, to Network International. The transaction is subject to regulatory approvals. Actis established EMP in July 2010 as a ‘buy and build’ platform, to capitalise on increasing demand for payments infrastructure in Africa and the Middle East. EMP today has the broadest footprint of any…
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