London-listed payments solutions giant Paysafe Group is set to be acquired by private equity investors after agreeing terms of the £2.96bn deal.

The company's board has unanimously recommended the 590 pence per share bid lodged last month by a private equity consortium comprising funds managed by CVC Capital Partners and Blackstone.

Should the sale be completed, Paysafe's new will owners dispose of the Paysafe Merchant Services Limited (PMSL) subsidiary through which it conducts its Asia Gateway business.

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