Brookfield, TPG Among Potential Bidders for Mashreq Payments Unit
- UAE’s Network International also among bidders for the unit
- Business could be valued at $500 to $700 million in a deal
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Brookfield Asset Management Inc. and Network International Holdings Plc are among potential bidders for UAE lender Mashreqbank PSC’s payments unit, according to people familiar with the matter.
Buyout firm TPG Inc. is also among suitors interested in the unit that could be valued at $500 million to $700 million, the people said, asking not to be identified as the matter is private.