Nets A/S: Nets has purchased the remaining shares in Paytrail Oy
(Thomson Reuters ONE) -
Company announcement
No. 23/2017
Nets has purchased the remaining shares in Paytrail Oy
Nets has purchased the remaining 20% shares in Paytrail Oy for a cash
consideration of DKK 58 million. In December 2014, Nets acquired 80% of the
shares in Paytrail with an option to acquire the remaining shares from the
founders and key employees in July 2017 based on the performance of the
business.
Asger Hattel, Executive Vice President, Head of Merchant Services in Nets says
"We've been developing Paytrail in a partnership with the founders since late
2014, and I'm delighted to look back at the excellent development of this
company and contribution to Nets' eCommerce business. Paytrail has strengthened
our ability to support Finnish merchants as well as supporting Nets in
developing new propositions."
Financial impact
The share purchase is funded by Nets' own cash and existing credit facilities
and the purchase of the remaining shares in Paytrail does not change the
guidance for 2017.
About Paytrail
Paytrail is a licensed payment institution established in 2007 under the name
"Suomen verkkomaksut". The company employs around 40 professionals and is
headquartered in Jyväskylä, Finland and supports more than 10,000 webshops.
Since its inception, Paytrail has processed transactions worth more than DKK
15bn. Find out more at www.paytrail.com
For further information, please contact:
For media enquiries:
Karsten Anker Petersen, Head of Communications, at +45 29 48 78 83 or
kapet(at)nets.eu
For investor enquiries:
Lars Oestmoe, Head of M&A and IR, at +47 91 34 71 77 or lostm(at)nets.eu
Information on Nets
Nets is a leading provider of digital payment services and related technology
solutions across the Nordic region. Nets sits at the centre of the digital
payments ecosystem and operates a deeply entrenched network, which connects
merchants, corporate customers, financial institutions and consumers enabling
them to make and receive payments as well as, increasingly, utilise value-added
services to help them improve their respective activities.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nets A/S via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2017 - 11:06 Uhr
Sprache: Deutsch
News-ID 552213
Anzahl Zeichen: 2812
contact information:
Town:
Ballerup
Kategorie:
Business News
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"Nets A/S: Nets has purchased the remaining shares in Paytrail Oy"
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Nets A/S (Nachricht senden)
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