Net1 CEO Chris Meyer on R3.7bn acquisition of the Connect Group
Nasdaq and JSE-listed fintech business Net1 announced a “transformational” deal, acquiring the Connect group for a whopping R3.7bn.
Source: biznews.com
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Net 1 UEPS acquires the Connect Group for R3.7 billion
Johannesburg-based Net 1 UEPS Technologies is acquiring the Connect Group for R3.7 billion as part of a transformation into South Africa’s leading fintech platform, offering payment processing and financial services to underserved merchants and consumers.
Source: iol.co.za
Net1 aims for fintech crown with 'transformational' R3.7bn deal to acquire Connect Group
Net1 UEPS Technologies announced on Tuesday that it signed an agreement to acquire 100% of fintech company, the Connect Group, for approximately R3.7 billion
Source: news24.com
Net1 in blockbuster R3.7bn fintech acquisition
Deal has been described as 'transformational' for its business.
Source: moneyweb.co.za
Net1 To Buy Payment Platform Connect Group In $315M Deal
South African fintech company Net1 said Monday it plans to buy the Connect Group, a payment platform serving small businesses, in a deal valued at ZAR 4.8 billion ($315.3 million) and guided by Cliffe Dekker Hofmeyr and Edward Nathan Sonnenbergs.
Source: law360.com