Ingenico: stock down 3%; Natixis again rules out bid
(CercleFinance.com) - Alongside the publication of its Q3 results, yesterday French banking group Natixis has repeated that it has "no plan for a takeover bid on Ingénico.
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The Ingenico share is down 3% in early trading today on the Paris Stock Exchange.
Natixis says in a statement that it intends to invest up to 2.5 billion euros between 2018 and 2020, although "investments would primarily be in Asset & Wealth Management (...), (e.g. affiliates to complement the existing offering, expansion in Asia and in alternatives, life insurance assets) and secondarily in Payments, to take part in the consolidation of the industry (e.g. acquisitions, asset combination), and in CIB (e.g. M&A boutiques)."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
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The Ingenico share is down 3% in early trading today on the Paris Stock Exchange.
Natixis says in a statement that it intends to invest up to 2.5 billion euros between 2018 and 2020, although "investments would primarily be in Asset & Wealth Management (...), (e.g. affiliates to complement the existing offering, expansion in Asia and in alternatives, life insurance assets) and secondarily in Payments, to take part in the consolidation of the industry (e.g. acquisitions, asset combination), and in CIB (e.g. M&A boutiques)."
Copyright (c) 2018 CercleFinance.com. All rights reserved.