Vipera Shares Rise As Banca Sella Company Considers Takeover Offer

22nd Mar 2018 10:13

LONDON (Alliance News) - Mobile payment developer Vipera PLC said Thursday Sella Open Fintech Platform SPA is considering making an offer for the company.

Vipera said Sella Open Fintech has been formed by Italian firm Banca Sella Holding SPA to be the holding company of a new fintech business, of which Vipera is intended to form "an important" part.

The possible offer would be 7.50 pence per Vipera share in cash, valuing Vipera at GBP24.0 million. The price, Vipera said, is a 20% premium to its closing price on Wednesday of 6.25p.

Vipera shares were up 8.2% on Thursday at 6.76p.

Sella Open Fintech has until April 19 to make it clear whether it will put in a firm offer or not.

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