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BRIEF-Net1 Sells Remaining Stake In Bank Frick

· 02/05/2021 00:07
BRIEF-Net1 Sells Remaining Stake In Bank Frick

- Net 1 UEPS Technologies Inc UEPS.O:

  • JSE: NT1 - NET1 SELLS REMAINING STAKE IN BANK FRICK

  • NET 1 UEPS TECHNOLOGIES INC - SOLD ITS REMAINING INTEREST IN BANK FRICK & CO. AG ("BANK FRICK") BACK TO KUNO FRICK FAMILY FOUNDATION FOR $30 MILLION

  • NET 1 UEPS TECHNOLOGIES INC - GROSS PROCEEDS OF $30 MILLION WILL BE REDUCED BY $3.6 MILLION TO TERMINATE VARIOUS AGREEMENTS AND SETTLE LIABILITIES

Source text for Eikon: ID:nJseE0001a

Further company coverage: UEPS.O


((Reuters.Briefs@thomsonreuters.com;))