November 10, 2019 / 10:16 PM / 6 days ago

Australia's EML Payments to buy Prepaid Financial Services for $290 mln

Nov 11 (Reuters) - Australia’s EML Payments said on Monday it would buy London-based Prepaid Financial Services Ltd, valuing it at about A$423 million ($290.01 million).

The payment solutions provider said the deal would also comprise an additional earn-out component of up to A$103 million, conditional on Prepaid Financial achieving certain earnings targets.

$1 = 1.4586 Australian dollars Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Peter Cooney

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below