Australia's OFX Group eyes best day since March 2020 on deal to buy Canadian firm

OFX

20/12/2021 01:29

** Shares of OFX Group Ltd  OFX.AX  jump as much as 16%,
their sharpest rise since March last year, to A$2.17 
    ** International payments service provider says it will buy
Canadian firm Firma Foreign Exchange Corp for A$98 mln ($69.79
mln)  urn:newsml:reuters.com:*:nFWN2T20ZX
    ** The deal will help OFX expand in North America and scale
up in corporate segment, among others
    ** Says deal is expected to deliver underlying EPS accretion
of over 20% in first year and over 30% in second year
    ** As of Friday's close, stock is up 52% this year


($1 = 1.4043 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))