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UPDATE: TA Associates sells 9% stake in Eurowag for GBP56 million

25th Sep 2025 10:17

WAG Payment Solutions PLC - London-based firm known as Eurowag providing payments and mobility platform for the European commercial road transport industry - Bock Capital EU Luxembourg WAG Sarl, an affiliate of TA Associates Management LP, sells 61.0 million Eurowag shares at GBP0.92 each, worth GBP56.1 million, a little more than the GBP50 million offering announced after the London market close on Wednesday. The shares sold represent an 8.8% stake in Eurowag, reducing TA Associates' holding to 17.1% from 25.9%. The remaining shares are subject to a 90-day lock-up. Peel Hunt LLP ran the accelerated bookbuild for institutional investors as sole bookrunner. Eurowag will receive no proceeds as it was a sale of existing shares.

Current stock price: 94.80 pence, down 3.2% in London on Thursday

12-month change: up 18%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


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