Delek Drilling

FAB could sell payments business, Delek rebrands

Brookfield eyes FAB’s payment business: Canadian asset management giant Brookfield is reportedly in talks to acquire Magnati, First Abu Dhabi Bank’s (FAB) payment arm, in a transaction that could value it at more than USD 1 bn, Bloomberg reported yesterday, citing unidentified sources. The EFG Hermes-suitor could receive more bids from other potential buyers for…