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Deals Rumor Mill: UAE Exchange, Naspers, Julius Baer

By Benjamin Horney (May 18, 2017, 4:48 PM EDT) -- UAE Exchange Group, a United Arab Emirates-based company focused on remittance, foreign exchange and bill payment solutions, intends to spend up to $300 million on acquisitions through 2020, according to a report from Gulf News on Thursday. According to the report, which cited an interview with UAE Exchange's top executive, the company is looking into both bolt-on acquisition opportunities and strategic investments in the remittances and payments space, with an emphasis on financial technology and digital. The company hopes to complete two or three deals this year, the report said....

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