3rd Jul 2015 06:50
LONDON (Alliance News) - AIM-listed Optimal Payments PLC on Friday said it expects its EUR1.1 billion takeover of payments rival Skrill to win approval from UK regulators by the end of July, a move which will enable it to complete the deal, transfer to the London Stock Exchange's Main Market, and seek a place in the FTSE 250 index.
The deal for Skrill, which is technically a reverse takeover, requires approval from the UK's Financial Conduct Authority.
In a statement, Optimal Payments said that trading to the end of June was "strong and in line with market expectations".
It will report half-year results for the six months ended June 30 on August 26.
By Samuel Agini; [email protected]; @samuelagini
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