4th Aug 2015 05:53
LONDON (Alliance News) - Optimal Payments PLC late Monday said it has received "change of control" approval from the UK regulator for its reverse takeover of payments rival Skrill.
The news means that AIM-listed Optimal Payments now expects the deal to complete on August 10.
The UK's Financial Conduct Authority had been expected to make a decision no later than August 11.
Optimal, which will seek to leave AIM for the London Main Market once the deal completes, previously had expected a decision on the GBP1.1 billion acquisition by Thursday last week.
By Samuel Agini; [email protected]; @samuelagini
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