Payments tech firm Nuvei to buy Britain’s SafeCharge for $889 million

Payments tech firm Nuvei to buy Israeli-owned SafeCharge for $889 million With the all-cash deal valued at $889 million, Nuvei looks to expand in the fast-growing electronic payments industry. Israeli businessman Teddy Sagi will receive $570 million for his stake in the company, whose research and development and technical support teams are.

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Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million The deal will create a company with a revenue of approx. $300 million and a transaction volume of approx. $30 billion

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Theresa May came to office pledging a bright future for Britain by tackling inequality. Earlier this week Canadian payments technology company nuvei corp bought British electronics provider.

Canadian payments technology company Nuvei’s unit Nuvei Bidco is set to buy Israeli payment solutions company SafeCharge International Group Ltd. Controlled by Teddy Sagi at a company value of $889 million, the companies said SafeCharge shareholders would receive $5.55 in cash for each share held, representing a 25 per cent premium to the stock.

Mobile Payments Today. Nuvei Corp. has agreed to buy U.K.-based payments firm SafeCharge International Group Ltd. in a cash deal valued at $889 million (669 million British pounds), according to a regulatory filing. SafeCharge shareholders will receive $5.55 a share in cash under the agreement.

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Canadian payments tech company Nuvei Corporation to buy UK-Israeli company SafeCharge for $889M, amid ongoing consolidation in the electronic payments industry – Israeli Teddy Sagi will get $600 million from sale – SafeCharge International Group, a U.K.-Israeli company founded.

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Canadian payments firm Nuvei is set to buy British payments technology provider SafeCharge for £699 million in an all-cash deal. Under the terms of the deal, SafeCharge shareholders will receive $5.55 in cash per share and a 25 per cent premium on the business value at last close.

U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry. The companies said SafeCharge shareholders would receive $5.55 in cash for each share held, representing