1st Dec 2023 09:10
Alpha Group International PLC - London-based investor - Completes acquisition, announced on September 12, of an 85% stake in Amsterdam-based multibank connectivity platform Financial Transaction Services BV, which trades as Cobase. Alpha has paid the initial consideration of EUR9.6 million using its existing cash resources. Says the remaining stake will be acquired via a performance-based earn-out between 2025 and 2028.
Current stock price: 1,721.00 pence, up 0.6% in London on Friday morning
12-month change: down 24%
By Emma Curzon, Alliance News reporter
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