The Payments Group Holding Gains MFSA Approval for Acquisition

The Payments Group Holding (PGH), based in Frankfurt, has secured final approval from the Malta Financial Services Authority (MFSA) for acquiring The Payments Group (TPG). This acquisition involves a 72.9% to 75% stake in TPG, consisting of fintech and paytech companies. PGH aims to finalize the acquisition in upcoming months and has begun negotiations with investors to fund the cash tranche through treasury shares placed outside capital markets.

PGH plans to compensate partly using treasury and new shares, needing between 19 to 23 million shares, with 11.4 million currently outstanding and 34.9 million treasury shares held. A call option for acquiring the remaining 25% remains open until January 2027. The acquisition targets include Calida Financial Ltd., a licensed e-money institution.