INDEPENDENT NEWS

Sale of Paymark Limited to Ingenico Group

Published: Fri 2 Nov 2018 11:38 AM
The shareholders of Paymark Limited (www.paymark.co.nz) welcomed today’s announcement from the Commerce Commission that clearance had been granted for the sale of Paymark to Ingenico Group (www.ingenico.com) and confirmed that they will be working with Ingenico to close the transaction in the coming weeks.
The transaction was announced on 17 January this year and was subject to Commerce Commission and Overseas Investment Office approvals. OIO approval has also been confirmed.
The shareholders in Paymark are ANZ, ASB, BNZ and Westpac, who each own 25% of the shares.
ends

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