Brief: Eurocash Agrees To Sell PayUp Polska For 110 Mln Zlotys

OPTeam SA

28/09/2018 06:33

Sept 28 (Reuters) - EUROCASH SA  EUR.WA :
    * SAID ON THURSDAY IT HAS SIGNED A PRELIMINARY AGREEMENT TO
SELL
100 PCT OF SHARES IN PAYUP POLSKA SA FOR 110 MILLION ZLOTYS 
    * BUYER IS CENTRUM ROZLICZEN ELEKTRONICZNYCH POLSKIE
E-PŁATNOSCI
SA
    * FINAL PRICE CAN BE ADJUSTED UPON ACHIEVED FINANCIAL
PARAMETERS
    * THE PARTIES SIGNED A LONG-TERM COOPERATION AGREEMENT,
ENSURING
CONTINUITY OF PROVIDING PAYMENT SERVICES TO EUROCASH CLIENTS
    * EUROCASH WILL FOCUS ON ITS CORE BUSINESS AND DEVELOPMENT
OF NEW
PROJECTS SUPPORTING COMPETITIVENESS OF INDEPENDENT TRADE IN
POLAND

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM30Dyfxa
    
 Further company coverage:  EUR.WA  
   


 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))