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BUZZ-Optimal Payments: Up on FCA approval for Skrill deal

Tue, 04th Aug 2015 08:00

** Online money transfer co Optimal Payments upmore than 7 pct after UK's financial watchdog gives its go-aheadfor co's acquisition of European digital payments businessSkrill.

** Best day for the stock in a month with half its 30 dayaverage volume traded in the first hour

** Co says in a statement on Monday that it expects the dealto close on Aug. 10.

** Co said in March that it would buy the maker of theSkrill e-wallet, the biggest competitor to its e-wallet businessNeteller, for an enterprise value of about 1.1 blneuros

** Co said then that the deal would expand its onlinepayment and digital wallet services and reduce dependence on afew large customers, including its biggest in the gaming market

** Numis analysts view deal as "transformational", addingthat Optimal now has all the components in place to perform wellBroker reiterates "buy," TP 450p (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)

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31 Mar 2015 08:59

Payment firm SafeCharge says aiming for $100 mln-plus acquisition

* Seeks acquisition to bring in new clients * Would consider raising funds through bonds, equity * Made two smaller acquisitions in December in Israel, Ireland By Tova Cohen TEL AVIV, March 31 (Reuters) - Online payment service provider SafeCharge plans to make an acquisit

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24 Mar 2015 09:35

BROKER RATINGS SUMMARY: Deutsche Bank Cuts Centrica To Sell From Hold

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23 Mar 2015 10:52

UPDATE 2-Optimal Payments to buy e-wallet rival for $1.2 bln

* To buy Skrill Group for enterprise value of 1.1 bln euros * Deal to boost online payment, digital wallet services * To launch 451 mln stg rights issue to part-fund deal * To seek to move to the LSE's FTSE-250 Midcap Index (Adds CEO comments, analyst comment, details) B

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23 Mar 2015 10:02

UPDATE: Optimal Payments To Buy Skrill In Reverse Takeover (ALLISS)

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23 Mar 2015 09:40

Optimal Payments to purchase Skrill for £801m, annual earnings jump 65%

Online and mobile payment processing system provider Optimal Payments has announced it will buy Sentinel Topco Ltd and its units, known as Skrill Group, for £801m. The London-listed company said the deal, which is expected to be finalised by the third quarter of 2015, will help expand its online pay

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