Two payment systems - American MasterCard and Middle East Network International Holdings - have announced a strategic partnership aimed at accelerating the development of electronic payments in Africa and the Middle East. The companies entered into an agreement and agreed that MasterCard would invest $300 million in shares of Network International, becoming the anchor investor during its IPO. It is planned that the initial public offering of Network International will take place shortly on the London Stock Exchange. Until that time, it will be re-registered as a limited liability company. The company intends to complete the collection of applications in April, after which the final IPO price will be announced.
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