Sector consolidation22 Jul 2017 08:06
From johnma on other board:
Consolidation will start to happen within this sector - Vipera is trading at a fraction compared to its peers.
Paysafe shares jump on bid approach
21 July 2017
Business
Market trader (file picture)
Shares in UK payments company Paysafe jumped 6.8% after it received a £2.9bn takeover approach from a group of private equity firms.
Paysafe said a consortium containing Blackstone and CVC Capital Partners had made a 590p-a-share offer.
The approach comes amid a wave of takeover activity within the payment processing sector.
Earlier this month, Worldpay agreed to be bought by US payment processing giant Vantiv in a deal worth £9.1bn.
Danish payment services firm Nets A/S has also been approached by possible buyers.
Paysafe was the biggest riser on the FTSE 250. Meanwhile, the benchmark FTSE 100 ended the day down 34.96 points at 7,452.91.