IN BRIEF: Equals Group buys remaining stake in Equals Connect

Equals Group PLC - London-based payments services for small and medium enterprises - Completes ...

Alliance News 3 October, 2022 | 9:01PM
Email Form Facebook Twitter LinkedIn RSS

Equals Group PLC - London-based payments services for small and medium enterprises - Completes the purchase of the remaining minority interests in Equals Connect Ltd for a potential total consideration of up to GBP3.43 million. The full consideration is being funded through its existing cash resources.

In November 2019, Equals said it has purchased Casco Financial Services Ltd for an initial cash consideration of GBP1.7 million, with a potential addition of GBP2.0 million, depending on future performance.

It also retained a 48% economic interest in Casco's Infrastructure Services Business, the white-label business which was then renamed Equals Connect with the transaction.

Current stock price: 91.74 pence on Monday

12-month change: up 44%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Equals Group PLC 129.00 GBX -0.39 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures