SafeCharge Unloads its 5% Minority Stake in FinTech Group AG

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SafeCharge Unloads its 5% Minority Stake in FinTech Group AG

Postby kreslik.news » Mon Jun 13, 2016 11:30 am


UK-headquartered payments provider, SafeCharge International Group Ltd., listed on the London Stock Exchange (LSE) under ticker SCH, today announced the sale of its minority stake in FinTech Group AG, according to regulatory filings with the LSE.

FinTech Group AG is traded on XETRA under ticker symbol FLA and based in Germany as a financial technology (fintech) company, and SafeCharge had originally purchased nearly 5% of the company for roughly 10m euro – and now realized a small profit by fully exiting its position in the firm.

SafeCharge intended to pursue synergies with FinTech Group AG as part of its initial stake, ... (read more)

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