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Nuvei agrees £699m deal to acquire payment processor SafeCharge

22nd May 2019 9:13 am GMT

North American payment provider Nuvei Corporation has reached an agreement to acquire London-listed online payment processor SafeCharge for £699m.

Nuvei will acquire the entire issued and to be issued ordinary share capital of SafeCharge through a wholly-owned indirect subsidiary, Nuvei Bidco.

Under the terms of the deal, SafeCharge shareholders will be entitled to receive $5.55 (equivalent to £4.36) in cash for each SafeCharge share, representing a premium of approximately 25 per cent to the company’s closing price [...]

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