Brief: Global FinTech Innovator Kakao Pay Makes Investment In Siebert Financial Corp

Kakaopay

27/04/2023 09:14

April 27 (Reuters) - Siebert Financial Corp  SIEB.O :
    * GLOBAL FINTECH INNOVATOR KAKAO PAY MAKES INVESTMENT IN
SIEBERT
FINANCIAL CORP.
    * SIEBERT FINANCIAL - KAKAO PAY ANNOUNCED AN AGREEMENT TO
PURCHASE
A 19.9% STAKE OF SIEBERT OF NEWLY ISSUED SHARES FOR
APPROXIMATELY $17 MILLION
    * AFTER DEAL CLOSE, KAKAO PAY WILL BECOME LARGEST
SHAREHOLDER OF
SIEBERT WITH A TOTAL OF 51% OWNERSHIP OF SIEBERT

Source text for Eikon:  ID:nBw1pxdt6a 
Further company coverage:  SIEB.O 

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