EServGlobal Subscribes for Shares in JV To Keep 35% Stake
October 05 2015 - 9:40AM
Dow Jones News
LONDON-- Mobile financial services group eServGlobal Ltd.
(ESV.AU) Monday said it has agreed to subscribe for shares in
Homesend, a money transfer joint venture that includes Mastercard
Inc. (MA), in order to maintain its 35% stake.
The company is required to pay 875,000 euros ($981,000) on
October 14 and EUR2.625 million in April for the shares, out of a
total capital raise of EUR10M by HomeSend.
Shares at 1309 GMT, up 3.2%, at 8 pence valuing the company at
GBP21.3 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 05, 2015 09:25 ET (13:25 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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