18th Apr 2018 10:48
LONDON (Alliance News) - Mobile financial services firm Vipera PLC confirmed Wednesday a subsidiary of Gruppo Banca Sella has made an offer for the company which Vipera unanimously recommends.
In March, Vipera had said Sella Open Fintech Platform SA, which has been specially set up to be the holding company of a new financial technology business for Banca Sella, was considering an offer.
It has now done so, offering 7.50 pence per Vipera share. This values Vipera at GBP24.0 million and is a 20% premium to its mid-market price at the end of trading on March 21, the day before the announcement of a possible offer.
Vipera hares were up 5.2% Wednesday in London at 7.10p each. Banca Sella already holds 12.5% of Vipera's shares, and the offer is for the entire outstanding share capital.
Vipera Chairman Luciano Martucci commented: "Gruppo Banca Sella has been a valued customer of Vipera for some time and a shareholder since July 2017.
"I am pleased that our increasingly close relationship has led to our shareholders being offered a fair price and to Vipera's businesses being able to develop as part of the SOFP Group."
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