Investors will certainly welcome the much anticipated sale of the loss-making core business, PayMobile. A conditional sale agreement has been signed with Seamless, a publicly listed Swedish telecoms solutions provider, for €2m in cash, to leave a well-funded, low-cost listed entity whose only trading activity will be the management of its 35.68% stake in the HomeSend JV with Mastercard. It will be renamed Wameja Ltd (WJA.L) following approval at an EGM in July. The sale of the core busin
04 Jun 2019
eServGlobal - Home Alone… all about HomeSend now
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eServGlobal - Home Alone… all about HomeSend now
- Published:
04 Jun 2019 -
Author:
Cavendish Research -
Pages:
10
Investors will certainly welcome the much anticipated sale of the loss-making core business, PayMobile. A conditional sale agreement has been signed with Seamless, a publicly listed Swedish telecoms solutions provider, for €2m in cash, to leave a well-funded, low-cost listed entity whose only trading activity will be the management of its 35.68% stake in the HomeSend JV with Mastercard. It will be renamed Wameja Ltd (WJA.L) following approval at an EGM in July. The sale of the core busin