23rd Oct 2026 08:39
Wag Payment Solutions PLC - London-based provider of payment and data services to trucking companies in Europe - Peel Hunt LLP says Bock Capital EU Luxembourg WAG Sarl, an affiliate of TA Associates Management LP, sells its entire remaining 12.7% interest in Wag Payment Solutions, known as Eurowag. The broker, together with joint bookrunner Wood & Co Financial Services as, places 88.5 million shares at GBP1.00 each, worth GBP88.5 million, with institutional investors in an accelerated bookbuild.
TA Associates initially invested in Eurowag back in 2016 and helped take the business public through a initial public offering on the London Stock Exchange in 2021. It sold an around 4.3% interest back in July. After Friday's sale, which was first announced after the London market close on Thursday, TA Associates has no remaining stake. Eurowag will receive no proceeds from the sale as it is of existing shares.
Current stock price: 101.00 pence, down 7.7% in London early Friday
12-month change: up 8.4%
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
EW GroupPeel Hunt