Dubai's Emaar hires Emirates NBD for sale of e-commerce business Namshi - sources - NewsBreak

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By Megansoto in Business
Updated 3 years ago

DUBAI, Sept 12 (Reuters) - Dubai's Emaar has picked Emirates NBD to advise it on the sale of fashion e-commerce business Namshi, sources said. Emaar Malls, the retail arm of Dubai's biggest developer, Emaar Properties, bought a 51% stake in Namshi from Global Fashion Group for $151 million in 2017 and the remaining 49% in 2019 for about $130 million.

dubai-s-emaar-hires-emirates-nbd-for-sale-of-e-commerce-business-namshi-sources-newsbreak