Mannai Corp. shares soared after the Qatari trading firm agreed to sell its stake in Inetum SA for an enterprise value of 1.85 billion euros ($2 billion) to a group of investors led by Bain Capital Private Equity.
The shares jumped 10% in Doha to the highest level since 2016, taking their gains this year to 114%. The benchmark Qatar Exchange Index fell 0.5% on Monday.
Mannai said the sale of the French information technology services provider to the investor group, which also includes NB Renaissance and Inetum’s management team, could result in an equity value for Mannai in the range of 1.03 billion euros to 1.06 billion euros.
Read more: Bloomberg
