Edition:
United Kingdom

Ingenico Group Enters Into Negotiations With Sparkassen-Finanzgruppe


Wednesday, 30 May 2018 

May 30 (Reuters) - Ingenico Group SA ::ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH SPARKASSEN-FINANZGRUPPE TO COMBINE BS PAYONE WITH INGENICO RETAIL ASSETS IN DACH.THIS NON-CASH BUSINESS COMBINATION WOULD BE 52% OWNED AND CONSOLIDATED BY INGENICO GROUP..CURRENT BS PAYONE SHAREHOLDERS WOULD MAINTAIN MEANINGFUL MINORITY RIGHTS IN LINE WITH THEIR 48% STAKE..THE PARTIES INTENT TO SIGN DEFINITIVE AGREEMENTS IN Q3 2018..BOTH PARTIES WOULD BECOME LONG TERM PARTNERS IN THE DACH REGION. 

Company Quote

78.0
0.5 +0.65%
18 Jul 2019