Wirecard Acquires S.African Payment Co. Amara for EU29m Cash

Posted December 5, 2014

Amara Group provides payment processing services for African financial services cos. including Mercantile Bank, Nedbank and Citi Bank.

* Wirecard will pay EU29m cash, plus up to ~EU7m earn outs;
* Sees Amara contributing ~EU3m Ebitda in FY15. Source Bloomberg

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