{"id":108077,"date":"2025-10-02T00:00:00","date_gmt":"2025-10-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/network-international-magnati-finalize-merger\/"},"modified":"2025-10-02T00:00:00","modified_gmt":"2025-10-02T00:00:00","slug":"network-international-magnati-finalize-merger","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/10\/02\/network-international-magnati-finalize-merger\/","title":{"rendered":"Network International, Magnati finalize merger"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Network <\/strong><strong>International + Magnati complete merger under Brookfield-l<\/strong><strong>ed <\/strong><strong>ownership: <\/strong>Dubai-based digital payments firm Network International and First Abu Dhabi Bank\u2019s (FAB) payments arm Magnati have completed their strategic merger, according to a <a target=\"_blank\" href=\"https:\/\/www.network.ae\/en\/about-us\/press-and-media\/news\/network-international-and-magnati-merge-to-create-the-leading-fintech-across-the-middle-east-africa\" style=\"\" rel=\"noopener\">press release<\/a>. The new entity, which will eventually take Network International\u2019s name and brand, is owned by a consortium led by Canada's Brookfield Asset Management. The two businesses will integrate in phases, with their respective brands staying independent for now.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">An expanded offering: <\/strong><span style=\"background-color: transparent;\">The combined entity will offer services including digital payments, SME lending, and financial security solutions \u2014 operating across 56 markets. It is also set to collaborate with governments on regional financial inclusion and digital transformation initiatives.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Regulatory clearance for the merger came <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/05270d2a-a9e3-46ea-80b3-6fdd5f941cd7\/network-international-and-magnati-clear-regulatory-hurdle-for-upcoming-merger\" style=\"\" rel=\"noopener\">in July<\/a> of this year, after the Central Bank of the UAE greenlit Brookfield\u2019s USD 2.8 bn takeover of Network International <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d1cda7f5-3726-43eb-91d4-b1104d9b87ed\/cbuae-approves-brookfield%25e2%2580%2599s-acquisition-of-network-international\" style=\"\" rel=\"noopener\">in 2024<\/a> \u2014 an acquisition which was finalized <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/98b0b8c8-0ab3-4317-ac65-a4544d870656\/fab-%2B-brookfield-take-over-network\" style=\"\" rel=\"noopener\">in September<\/a> that year. Brookfield and FAB then said they planned to merge Network International with Magnati \u2014 a year after Brookfield acquired a 60% stake in Magnati. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>PJT Partners is the financial adviser to Network for the transaction, while Citi and JP Morgan acted as both financial advisers and corporate brokers. Morgan Stanley is the financial adviser for Bidco and Brookfield.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The combined entity will cover 56 markets and offer a suite of services<\/p>\n","protected":false},"author":1,"featured_media":108078,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,65,60,218],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-first-abu-dhabi-bank","tag-ma-watch","tag-magnati","wpautop","entry"],"acf":{"mongo_id":"c7a85d97-e1b9-4d76-86a3-ca4ce430ee65","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/2057.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Network International, Magnati finalize merger","related_issue":[108067],"teaser":"The combined entity will cover 56 markets and offer a suite of services","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.563a2aad-1266-4948-9b9d-2f6d6b15c7e7.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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