Carrefour: divests 60% of Market Pay platform
(CercleFinance.com) - Carrefour has announced the sale of 60% of its Market Pay payment platform to the investor AnaCap Financial Partners, in a cash transaction valuing Market Pay on the basis of an enterprise value of approximately 300 million euros.
Developed by Carrefour's teams since 2016, Market Pay operates a volume of 1.3 billion transactions per year, manages 45,000 payment terminals and five million cards. In 2020, it forecasts net sales in excess of 30 million euros.
This transaction will result in the recognition of a 245 million euro capital gain on disposal in the group's accounts. Subject to customary conditions, it should be completed in the first half of 2021.
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Developed by Carrefour's teams since 2016, Market Pay operates a volume of 1.3 billion transactions per year, manages 45,000 payment terminals and five million cards. In 2020, it forecasts net sales in excess of 30 million euros.
This transaction will result in the recognition of a 245 million euro capital gain on disposal in the group's accounts. Subject to customary conditions, it should be completed in the first half of 2021.
Copyright (c) 2020 CercleFinance.com. All rights reserved.