Paysafe’s Stock Payout Greenlighted Ahead of This Week’s Delisting

[kreslik.news]

The takeover process of Paysafe (LON:PAYS) by Pi UK Bidco Limited has earned regulatory approval from two jurisdictions today. In particular, Paysafe has received a court sanction from both the Financial Services Commission of Mauritius and the High Court of Justice in the Isle of Man over its acquisition. The announcement takes place ahead of Paysafe’s formal delisting on the London Stock Exchange (LSE).

This past August, online payments group Paysafe was acquired by Pi UK Bidco Limited, a newly incorporated company jointly owned and managed by Blackstone and private investing consulting firm CVC. The group reached an all-cash settlement to ... (read more)