3rd Jul 2018 08:47
LONDON (Alliance News) - Sella Open Fintech Platform SpA said Tuesday that its takeover for mobile financial services firm Vipera PLC became unconditional in all respects.
In March, Vipera had said Sella Open, which has been specially set up to be the holding company of a new financial technology business for Banca Sella, was considering an offer.
In April Sella offered 7.50 pence per Vipera share. This valued Vipera at GBP24.0 million, 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.
As of yesterday, Sella Open had received acceptances for 162.5 million Vipera shares representing approximately 50% of the company. For the offer to be accepted, it requires approval from no less than 90% of shares.
Shares in Vipera were untraded on Tuesday, last quoted at 7.18 pence.
Related Shares:
Vipera