Helios Said Working With Citigroup to Sell Interswitch

  • Nigerian payments processor said to be valued at $1 billion
  • Africa-focused buyout firm bought stake in company in 2010

Helios Investment Partners, an Africa-focused private equity firm, is preparing to sell Nigerian payments-processing group Interswitch Ltd. in a deal that could value the company at more than $1 billion, people with knowledge of the matter said.

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