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Sale of Paymark Limited Completed
The sale of Paymark Limited by ANZ, ASB, BNZ and Westpac
NZ to Ingenico Group (www.ingenico.com) has now been
completed.
ANZ, ASB, BNZ and Westpac NZ had each owned 25% of the shares in Paymark. The shareholders said they believed Ingenico would be a very good owner for Paymark as it is a specialist in the payments business internationally and will be able to bring a high degree of technical skill and innovation to what has become an increasingly complex and creative industry.
The
transaction was announced in early 2018, and has since been
approved by the Commerce Commission and the Overseas
Investment
Office.
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