INGENICO GROUP: Closing of the combination of BS PAYONE and Ingenico Retail assets in Germany, Austria and Switzerland
INGENICO GROUP AMERICAN DEPOSITARY RECEIPTS - UNSP (INGIY)
NASDAQ:AMEX Investor Relations:
ingenico.com/finance/ingenico-group-at-a-glance
Company Research
Source: GlobeNewswire
Press Release Paris, 8th January 2019 Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, and Deutscher Sparkassenverlag (DSV), today announced the closing of the combination of BS PAYONE, a Sparkassen-Finanzgruppe subsidiary, with Ingenico Retail assets in DACH (Germany, Austria, Switzerland) following the approval of the German competition regulator Bundeskartellamt and the Financial Supervisory Authority. The joint-venture will create the clear leading payment provider in Germany, the third largest market in Europe and a promising country for electronic payment where cash transactions remain predominant. The high degree of complementarity between BS PAYONE positioning as the second largest international card acquirer in Germany and the differentiating know-how of Ingenico within the SMB market as well as the large retailers, will enable the joint-venture to accelerate its development with a comprehensive offering covering the in
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