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Israeli-UAE group to buy BR Shetty s Finablr for $1 DUBAI, December 20, 2020 Finablr, the scandal-hit payments and foreign exchange solutions company, has decided to sell its operations to Global Fintech Investments Holding AG (GFIH), an affiliate of Prism Group AG of Israel, for $1.
Finablr, owned by NRI businessman BR Shetty, has announced that it has entered into a definitive agreement with GFIH to sell the entire issued share capital of Finablr Limited, its wholly owned subsidiary, for a nominal initial consideration of $1 , said a report.
Prism Group, linked to a former Israeli Prime Minister Ehud Olmert, has formed a consortium with Abu Dhabi s Royal Strategic Partners (RSP) in connection with the transaction, said the Khaleej Times report. ....
Finablr sold to UAE-Israeli consortium for $1 Issac John/Dubai Alamy Global Fintech Investments Holding partners with Royal Strategic Partners to provide working capital to support company Finablr, the scandal-marred platform for payments and foreign exchange solutions, announced on Thursday that it has entered into a definitive agreement with Global Fintech Investments Holding (GFIH), an affiliate of Prism Group of Israel, to sell to GFIH the entire issued share capital of Finablr Limited, its wholly owned subsidiary, for a nominal initial consideration of $1. Prism Group, linked to a former Israeli Prime Minister Ehud Olmert, has formed a consortium with Abu Dhabi s Royal Strategic Partners (RSP) in connection with the transaction. ....