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Completed
Synopsis
Noon, an e-commerce company, completed the acquisition of Namshi, a fashion e-commerce platform, from Emaar, a real estate developer, for $335m. “The price shall be a cash consideration of $335m. The above cash consideration is the equity value of Namshi, which is equivalent to $350m of the company’s enterprise value. This is adjusted for debt at the company level and normalised working capital required,” Emaar.
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