We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Investcorp plans Moneybookers IPO -sources

Co-CEOs had mulled 400 mln euro-plus sale last year.


October 8, 2010 9:00 by

Investcorp , the Bahrain-based investment bank, plans to float Moneybookers, the fast-growing European online payment firm it tried to sell last year, three people familiar with the matter said on Thursday.

Investcorp has hired Morgan Stanley and Jefferies to help prepare for a stockmarket listing, the people said.

Moneybookers hired JPMorgan to explore a potential sale last year but later shelved the auction.

Its co-chief executives told Reuters then that it had been approached by major internet companies, U.S. payment processors and private equity firms about a potential deal and it could fetch more than 400 million euros ($560 million).

London-based Moneybookers competes with online auctioneer eBay’s Paypal service, and with money transfer companies including Western Union Co for “peer-to-peer” business such as helping expatriates send money home.

Investcorp and Moneybookers declined to comment.

Investcorp has owned a majority stake in Moneybookers since March 2007.

(Editing by Greg Mahlich)


Tags: , , ,

1 Comment

  1. Sky Bones on October 9, 2010 2:38 pm

    If they could not find a buyer – then this IPO will really show if there is a new upward trend in the public markets. As IPO raise, M&A should fall and visa versa.


Leave a Comment