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home / news releases / CRRFY - Carrefour sells 60% stake in Market Pay to AnaCap Financial Partners

CRRFY - Carrefour sells 60% stake in Market Pay to AnaCap Financial Partners

Carrefour S.A. ADR
For accelerating its development and diversification, Carrefour (CRRFY) disposed its 60% stake in Market Pay payments platform to AnaCap Financial Partners, a specialist investor in European financial services.This all-cash transaction values Market Pay at an enterprise value of c. €300M.MarkeyPay handles 1.3B transactions per year and manages 45K payment terminals and 5M cards; 2020 net sales expected at €30M+.Carrefour seeks to capitalize on AnaCap's deep expertise in the sector; transaction likely to generate a capital gain of €245M in the group's accounts.Transaction expected to close in 1H21.

For further details see:

Carrefour sells 60% stake in Market Pay to AnaCap Financial Partners
Stock Information
Company Name: Carrefour S.A. ADR
Stock Symbol: CRRFY
Market: OTC
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