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Sale of Paymark Limited to Ingenico Group
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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