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GVC Holdings completes sale of payment processor Kalixa

1st June 2017 9:31 am GMT

GVC Holdings has completed the sale of its payment processing subsidiary Kalixa Group for a €29m cash consideration.

The payment processing business has been acquired by Senjō Group, a Singapore-based financial technology investor and operator with offices in the UK, USA, Europe, North Africa and Asia.

The final consideration remains subject to a completion accounts adjustment, which has been capped at €35.5m, per the original purchase agreement.

Kalixa said that the deal will significantly strengthen its business and [...]

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