Network International Holdings PLC Update on the acquisition of DPO Group (7435D)
July 01 2021 - 2:00AM
UK Regulatory
TIDMNETW
RNS Number : 7435D
Network International Holdings PLC
01 July 2021
Network International Holdings Plc, 1(st) July 2021
Update on the acquisition of DPO Group
Network International Holdings plc, the leading enabler of
digital commerce across the Middle East and Africa, provides an
update on the acquisition of DPO Group (DPO).
We continue to make good progress towards closing the
acquisition, having achieved regulatory approvals, where needed,
across the majority of the 19 countries in which DPO operates. We
are constructively engaged with regulators in the two countries
where approvals remain outstanding. The pace and nature of progress
in recent weeks has been reassuring. As a result, we now expect
completion during the third quarter.
We remain excited about the acquisition and the future combined
growth of our complementary businesses. DPO has traded strongly and
ahead of our expectations during 2021, supported by good momentum
in new merchant signups and the ongoing transition towards digital
and e-commerce payments across its markets.
Contacts
Investor enquiries Media enquiries
Network International Finsbury
Amie Gramlick, Head of Investor Jamie Leviton and Robert Allen
Relations
InvestorRelations@Network.Global Network-Lon@Finsbury.com
0207 251 3801
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