The Payments Group's Strategic Acquisition and Transformation Plans

The Payments Group Holding GmbH & Co. KGaA (PGH) is moving forward with its strategic acquisition plan, aimed at transforming into a leading PayTech company. The deal involves acquiring majority stakes in four internet payment service providers, collectively known as The Payments Group (TPG).

PGH announced adjustments in the acquisition terms, switching from a fixed to a variable consideration based on asset valuation. This change aims to align the interests of buyers and sellers and ensure fair pricing. PGH's estimated net asset value at the deal's closing is 20 million EUR, influencing the valuation ratio.

The transaction awaits approval from the Malta Financial Services Authority (MFSA), with applications already submitted. The timeline for placing treasury shares is extended by one month, with a final completion date set for September 30, 2025. TPG is reported to be profitable, cash flow-positive, with projected 2024 revenues of around 7 million EUR.