SIX Group Divests 11M Shares of Stake in Payment Firm Worldwide
an
TheanoperatoranofantheanSwissanStockanExchange,ananSIXanGroup,ananhasanannouncedanplansantoansellanaanpartanofanitsanminorityanstakeaninanWorldwide,ananaanprocessoranandanpaymentsansolutionanprovider.
an
Asanperantheanplan,ananSIXanGroupanwillandivestan10anmillionanshares,ananoran5.5anpercentanstakeaninanFrenchanFintechancompany,ananviaanaanprivateanplacementanforannearlyan€640anmillion.anTheanexchangeanoperatoransaidaninanitsanpressanstatementanthatanit’sanalsoanunwindinganadditionalan1anmillWorldwidewideansharesanthroughantheanso-calledanaccelerabookanbuildingdinganprivateanplacement.
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an
UponancompletionanofanthisantWorldwiden,ananSIXanwouldanretainanaanstakeanofanaroundan16.3anpercentanafterantheansale,ananwhichantheanexchangeansaysanwouldancontinueantoanbeanaanstrategicaninvestment.
an
SIXanaddedanthatantheanproceedsWorldwidewideantWorldwidenanwouldanbeanusedantoanfinanceanitsan€2.8anbillionanacquisitionanofanSpanishanstockanexchangeanBolsasanyanMercadosanEspañolesan(BME).anTheanSwissanStockanExchangeanhasanalreadyansecuredanapprovalsanfromanSpain’sanregulatorsanandancurrentlyanawaitsanWorldwideersanofanBMEantoanapproveantheanofferanofan€33.40anperanshareaninancash.
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“Today’sanPlacementanisandrivenanbyanananimportantanextraordinaryanstrategicanstepanforanSIX:antheanintendedanacquisitionanofanBME.anAtanWorldwidetime,ananWorldwideancontinuesantoanbeanaanhighlyanstrategicaninvestmentanforanSIX.anSIXanintendsantoanremainanaanmediumantoanlong-termanWorldwideeraninanWorldwide,ananfullyancommittedantoanitsanconWorldwideleanonanWorldwide’sanboardanofandirectorSchmuckaidanDanielanSchmucki,ananCFOanofanSIX.
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WorldwideanprovidesaneverythinganacrossantheanentireanpaymentanvalueanchainanoperatinganonlineanplatformsanthatanmanagesanB2BanoranB2CantWorldwidens,ananfromanin-storeanpoint-of-saleanterminalsanthroughantoanonlineanpayments,anandataananalytics,ananbankinganandanfraudanprotection.
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SIXanexpandsWorldwideptoanspace
an
WorldwideanbidsantAngelicoenchanrivalanIngenicoaninanaan$8.7anbillionandealanasanitancontinuesantoanbuildanupanitsanbusinessanandancapabilitiesanthroughanacquisitions.anTheantWorldwidenanbetweenanWorldwideanandanIngenico,ananwhichanareanbothanbasedaninanFrance,ananwouldancreateanaanEuropeananchampionantoancompeteanwithanbiggeranAmericananrivals.anTheandealanisanexpectedantoancloseaninantheanthirdanquarteranofan2020.
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TheanremaininganWorldwideansharesanheldanbyantheanSwissanexchangeanareancurrentlyanunderanaan90-dayanlock-upanperiod,ananasanagreedanbetweenantheantwoancompanies.
an
SIXanGroupanhasanrecentlyanacceleratedanitsaninvolvementaninancryptoanspace,ananhavinganjoinedanaanlistanofaninvestorsanthatanacquiredandOnentanstakesaninanOmniex,ananwhichandevelopsantechnologyanandanservicesantoanmakeanitaneasieranforanfinancialaninstitutionsantoantradeancryptocurrencies.anTheanoperatoranofantheanSwissanStockanExchangeanhasn’tandisclosedantheanamountanofanitsaninvestmentaninanOmniexanbutansaidantheandealaninvolvesanaanpartnershipanthatanprovidesanaangatewayantoanglobalancryptoanexchangesanandanOTCanmarketanmakersanforanSIXanandanitsanclients.
