Brief: EML Payments Says Announces Sale Of Sentenial Business

EML Payments

15/03/2024 02:19

March 15 (Reuters) - EML Payments  EML.AX :
    * ANNOUNCES SALE OF SENTENIAL BUSINESS
    * EML ANNOUNCES SALE OF SENTENIAL BUSINESS
    * AGREEMENT TO SELL SENTENIAL BUSINESS FOR AN ENTERPRISE
VALUE OF
EUR 32.75M
    * SALE EARNINGS AND CASHFLOW ACCRETIVE TO EML IN YEAR 1 IN
LIGHT
OF SENTENIAL BEING UNPROFITABLE
    * SALE ALLOWS EML GROUP TO SIMPLIFY ITS ORGANISATIONAL
STRUCTURE
AND PROVIDES ADDITIONAL FUNDS TO STRENGTHEN BALANCE SHEET
    * SALE OF SENTENIAL EML PAYMENTS TO GOCARDLESS


Further company coverage:  EML.AX 

 ((Reuters.Briefs@thomsonreuters.com;))