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News

Oberthur acquires nearly 97% of the XponCard shares

Wednesday 9 April 2008 15:16 CET | News

Smart card supplier Oberthur Technologies has completed the cash offer to acquire the shares in card and card system provider XPonCard that was announced on 19 February 2008. Settlement is expected to start on or about 16 April 2008. Nearly 85.8 percent of the shares in XPonCard have been tendered in the offer and all its conditions have been fulfilled.

Oberthur has also acquired 11.9 percent of the shares in XPonCard in the market.  Oberthur will initiate the redemption of the remaining non-tendered XPonCard shares. Moreover, it will have the XPonCard share delisted from OMX Nordic Exchange Stockholm. 


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