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The Nets Group is buying Polskie ePłatności

The value of the investment is around EUR 350 million, or PLN 1.7 billion

Listed on the Warsaw Stock Exchange, OPTeam announced in yesterday's announcement that it had signed a preliminary agreement on the sale of its shares in Polskie ePłatności. The buyer is to be an entity called Rementi Investments, which is owned by the Danish group Nets. The transaction will be finalized after regulatory approvals.

See also: First Data and Visa introduce PIN on Mobile technology in Poland

The OPTeam announcement also states that the second shareholder of the Polish payment terminal operator, i.e. the Innova fund, will sell its shares in PeP to Rementi. OPTeam is to receive a remuneration of EUR 68.6 million for its part of PeP, which means that the value of the entire transaction can be estimated at about EUR 400 million, i.e. about PLN 1.7 billion. This is one of the largest, if not the largest transaction in the history of the Polish payment market.

By yesterday's stock exchange announcement OPTeam confirmed earlier cashless.pl information about the fact that PeP is in the sales process. At the beginning of February in the text entitled "The largest transaction for years is being prepared in the Polish payment industry. At least three willing for Polskie ePłatności " you could read that Nets, as well as Worldline, is on the short list of willing to take over PeP.

See also: Mastercard and First Data Polska introduce cash deposits in Żabka stores

Polish ePłatności is the third operator of payment terminals on the Polish market in terms of the number of devices. According to the latest data collected by cashless.pl, at the end of last year, he managed 124 thousand terminals. Only eService and First Data have more. PeP consolidates the Polish payment market. Recently took over, among others PayLane and BillBird and are still looking for acquisition opportunities. Soon it will announce another acquisition, which you will soon be able to read on the site cashless.pl.

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