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Alpha Group International PLC - London-based investor - Completes acquisition, announced on September 12, of an 85% stake in Amsterdam-based multibank connectivity platform Financial Transaction Services BV, which trades as Cobase. Alpha has paid the initial consideration of €9.6 million using its existing cash resources. Says the remaining stake will be acquired via a performance-based earn-out between 2025 and 2028.
Current stock price: 1,721.00 pence, up 0.6% in London on Friday morning
12-month change: down 24%
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