Sage Group Plc disposes of its Sage Pay business

  • Nov 18, 2019 GMT
  • Team Kalkine
  • The company has entered into an agreement with Elavon, wholly owned by U.S. Bancorp, for sale of the business
  • The total consideration for the sale is £232 million
  • It is necessary for Elavon to obtain regulatory approval from the Board of Governors of the Central Bank of Ireland as well as that of the Federal Reserve System in the United States.
  • On 18th November 2019, SGE shares were trading at GBX 739.40 at GMT 11:18 AM, up 1.80 points or 0.24% from the previous day’s closing price level.

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