Brief: Net1 Exercises Option To Acquire Further 35% Of Bank Frick For $46.4 Mln

Lesaka Technologies

08/10/2019 14:47

Oct 8 (Reuters) - Net 1 UEPS Technologies Inc  UEPS.O :
    * NET1 EXERCISES OPTION TO ACQUIRE FURTHER 35% OF BANK FRICK
    * NET 1 UEPS TECHNOLOGIES INC - DEAL FOR USD 46.4 MILLION
    * NET 1 UEPS TECHNOLOGIES INC - EXPECT TRANSACTION TO BE
ACCRETIVE
TO FISCAL 2021 FUNDAMENTAL EARNINGS
    * NET 1 UEPS TECHNOLOGIES - FOLLOWING COMPLETION, CO WILL
OWN 70%
OF BANK FRICK WITH KUNO FRICK FAMILY FOUNDATION OWNING REMAINING
30% INTEREST

Source text for Eikon:  ID:nGNX7TRMTD 
Further company coverage:  UEPS.O 

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