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Paypoint Plc to dispose of Romanian business

1 min read | October 21, 2020 10:33 AM BST | By Team Kalkine Media
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 Paypoint Plc (LON:PAY) will be disposing of its Romanian business, PayPoint Services SRL and PayZone SA.

  • The company in this regard has signed an agreement of sell with Innova Capital, with Ernst & Young LLP acting as a lead financial adviser for the deal.
  • The sale is in line with company’s concentration on its key strategic priorities and the delivery of superior growth and value in its main UK markets.
  • The cash consideration of around £47 million based on current exchange rates will be invested in the UK markets.
  • On 21 October 2020, the stocks of the company were up by 0.19% from the previous closing, hovering at around GBX 518.00 at 09:25 AM GMT+1.

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