UAE Exchange, one of the largest foreign exchange firms in the United Arab Emirates, has sold a 40-per cent stake to Centurion Investment, the companies said on Tuesday, in a deal said to be worth $2 billion.
‘Centurion has acquired a 40 percent stake in UAE Exchange to expand its business in the financial sector,’ a statement from Abu Dhabi-based Centurion said, without giving a value for the deal. A source directly involved in the sale told Reuters: ‘The deal is valued at $2 billion.’……………………………………….Full Article: Source