BRIEF-e& Divests 12.5% Stake In Careem Technologies To Uber

Uber Technologies,Inc.

Uber Technologies,Inc.

UBER

0.00

June 1 (Reuters) - Emirates Telecommunications Group EAND.AD:

  • DIVESTS 12.5% STAKE IN CAREEM TECHNOLOGIES TO UBER

  • SELLS 12.50% OF ITS 50.03% STAKE IN CAREEM TECHNOLOGIES FOR A TOTAL CASH CONSIDERATION OF USD 100 MILLION

  • UPON COMPLETION OF TRANSACTION, CO WILL RETAIN 37.53% OWNERSHIP IN CAREEM


Further company coverage: EAND.AD


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