Canadian Payments Technology Firm Nuvei to Make USD 889m Offer for SafeCharge.

MANews-(C)2009-2019

29 May 2019 - Canadian payment technology company Nuvei has made an all cash offer to acquire the entire issued and to be issued ordinary share capital of SafeCharge International Group Ltd. for USD 5.55 per ordinary share, valuing SafeCharge's fully diluted share capital at approximately USD 889m, the company said.

SafeCharge, which is registered in Guernsey and has offices in the UK, Europe, Mexico, Israel and Asia, provides global omni-channel payments services from card acquiring and issuing to payment processing and checkout, all underpinned by advanced risk management solutions.

Its fully featured proprietary payment platform connects directly to all major payment card schemes including Visa, Mastercard, American Express and UnionPay International, as well as over 150 local payment methods.

Nuvei believes that the acquisition, if completed, will allow it to further strengthen its technology platforms by...

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