Optimal Payments Sell Investment in ebs Electronic Billing Systems AG

Friday 7 May 2004 11:28 CET | News

Optimal Payments, a wholly-owned subsidiary of Optimal Group, has announced the disposition of its investment in ebs Electronic Billing Systems AG (ebs Billing).

The shares in ebs Billing were sold by Optimal Payments to ebs Billing’s majority shareholder, EBS Holding AG (“EBS Holding”), for gross proceeds of US$4 million. The transaction will be reflected in Optimal Group Inc.’s consolidated results for the current quarter.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce