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BRIEF-Emaar Malls Group to acquire 51 pct stake in Namshi for $151 mln
May 24, 2017 / 5:17 AM / 7 months ago

BRIEF-Emaar Malls Group to acquire 51 pct stake in Namshi for $151 mln

May 24 (Reuters) - Emaar Malls Group Pjsc

* Global Fashion Group and Emaar Malls announce partnership to develop Namshi, e-commerce retailer in middle east

* To acquire 51 percent of Namshi in an all-cash transaction

* will acquire a 51 percent stake in Namshi for $151 million

* Closing of transaction is expected to take place within three months Source text for Eikon: Further company coverage:

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