London-listed W.A.G Payment Solutions gains on Sygic buyout

WAG Payment Solutions

20/12/2022 14:26

** Shares of W.A.G Payment Solutions  WPS.L  rise as much as
2.3% to 80p
    ** Transport payments firm says it will buy remaining 30%
equity interest in Slovakian navigation systems co Sygic for
14.4 mln euros ($15.3 mln)
    ** Says full control of Sygic will provide co with
unrestricted access to Sygic's resources, digital and staff
expertise 
    ** Adds that deal will enable co to accelerate its digital
sales channel and integrated product initiatives 
    ** Including session's gains, stock down ~14% YTD  
($1 = 0.9424 euros)
 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com;))