Brief: Asseco SEE Unit Buys 55% Stake In Paygate India And 51% Stake In Paygate Limited

Asseco South Eastern Europe SA

02/07/2024 07:22

July 2 (Reuters) - Asseco South Eastern Europe SA
 ASEP.WA :
    * SAID ON MONDAY THAT ITS UNIT PAYTEN HOLDING BOUGHT 55%
STAKE
WORTH EUR 29.1 MLN IN PAYGATE INDIA PRIVATE LIMITED IN INDIA AND
51% STAKE WORTH EUR 19.4 MLN IN PAYGATE LIMITED IN UNITED ARAB
EMIRATES
    * DEAL TO BE FUNDED FROM OWN FUNDS AND ASEE GROUP BANK LOAN
    * BOUGHT OPTIONS REGARDING REMAINING SHARE CAPITAL OF
PAYGATE
INDIA WORTH MAX. EUR 48.5 MLN AND PAYGATE LIMITED WORTH MAX. EUR
25.0 MLN
    * OPTIONS MAY BE EXERCISED AFTER MARCH 31 2029
    * AIM OF ACQUISITION IS TO EXPAND THE PAYTEN GROUP ECOMMERCE
SERVICE DELIVERY AREA INTO NEW MARKETS

        
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