Brief: Net1 Sells Remaining Stake In Bank Frick

Lesaka Technologies

05/02/2021 05:07

Feb 5 (Reuters) - Net 1 UEPS Technologies Inc  UEPS.O :
    * JSE: NT1 - NET1 SELLS REMAINING STAKE IN BANK FRICK
    * NET 1 UEPS TECHNOLOGIES INC - SOLD ITS REMAINING INTEREST
IN
BANK FRICK & CO. AG ("BANK FRICK") BACK TO KUNO FRICK FAMILY
FOUNDATION FOR $30 MILLION
    * NET 1 UEPS TECHNOLOGIES INC - GROSS PROCEEDS OF $30
MILLION WILL
BE REDUCED BY $3.6 MILLION TO TERMINATE VARIOUS AGREEMENTS AND
SETTLE LIABILITIES

Source text for Eikon:  ID:nJseE0001a 
Further company coverage:  UEPS.O 

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