The Payments Group Holding Improves Terms for Acquisition

The Payments Group Holding GmbH & Co. KGaA (PGH) has announced improved terms for its acquisition of The Payments Group. The transaction now includes a variable purchase price, financed primarily through the transfer of treasury shares. This modification increases transaction certainty by extending deadlines for precedent condition fulfillment and the call option.

PGH will be valued based on net asset value, estimated at 18-19 million EUR. The acquisition is subject to approval by the Malta Financial Services Authority and involves a PGH share placement worth 10 million EUR. This strategic move aims to establish a profitable PayTech company with strong growth potential.