on Payments Group Holding (ETR:DE000A1M)
The Payments Group Holding's Successful Strategic Developments
The Payments Group Holding (PGH), based in Frankfurt am Main, announced advancements in its strategic initiatives. The focus remains on its 35% stake in AuctionTech, a leader in digital bidding for real estate. AuctionTech is exploring growth in the high-end real estate segment.
PGH also engaged in talks with the SGT Capital Group to resolve disputes from a past separation. The initiation of further discussions aims to reach mutually agreeable solutions.
PGH is exploring opportunities in Artificial Intelligence and BioTech. Cognicare AI, a spin-off from PGH’s Softmax AI investment, targets elderly care facilities. Additionally, PGH seeks attractive BioTech investments.
The company rescinded its acquisition of The Payments Group and plans a name change proposal. PGH retains 34,901,800 treasury shares, reflecting an anticipated NAV significantly above the current share price.
R. P.
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