Ant Financial unit Alipay to hike $3bn acquisition loan

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Ant Financial unit Alipay to hike $3bn acquisition loan

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Ant Financial subsidiary Alipay (Hong Kong) Holding will increase the size of its $3bn loan, taken to partly support its bid to acquire Dallas-based MoneyGram, according to bankers. The news comes about a fortnight after Alipay raised its offer for MoneyGram by around $300m.

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