on Payments Group Holding (ETR:DE000A1M)
The Payments Group Holding Secures MFSA Approval for Strategic Acquisition
The Payments Group Holding (PGH), based in Frankfurt am Main, has received confirmation of approval from the Malta Financial Services Authority (MFSA) for its acquisition of The Payments Group (TPG). This marks a significant milestone for PGH as it aims to transform into an operational PayTech company.
The agreement, initiated in August 2024, involves PGH acquiring a 75% stake in TPG, which includes four FinTech and PayTech entities. This acquisition is set to enhance PGH's growth and profitability potential, with expectations high for pioneering PayTech solutions.
PGH plans to deliver a variable consideration in treasury shares and some cash, potentially transferring 19 to 23 million PGH shares from its treasury, which currently holds 34.9 million shares. The acquisition is poised to create a robust PayTech group with favorable profit prospects.
R. P.
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