Network International Holdings PLC Update on the acquisition of DPO Group (7435D)

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RNS Number : 7435D

Network International Holdings PLC

01 July 2021

Network International Holdings Plc, 1(st) July 2021

Update on the acquisition of DPO Group

Network International Holdings plc, the leading enabler of digital commerce across the Middle East and Africa, provides an update on the acquisition of DPO Group (DPO).

We continue to make good progress towards closing the acquisition, having achieved regulatory approvals, where needed, across the majority of the 19 countries in which DPO operates. We are constructively engaged with regulators in the two countries where approvals remain outstanding. The pace and nature of progress in recent weeks has been reassuring. As a result, we now expect completion during the third quarter.

We remain excited about the acquisition and the future combined growth of our complementary businesses. DPO has traded strongly and ahead of our expectations during 2021, supported by good momentum in new merchant signups and the ongoing transition towards digital and e-commerce payments across its markets.

Contacts

 
 Investor enquiries                 Media enquiries 
 Network International              Finsbury 
 Amie Gramlick, Head of Investor    Jamie Leviton and Robert Allen 
  Relations 
 [e-mail]   [e-mail] 
                                     0207 251 3801 
 

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July 01, 2021 02:00 ET (06:00 GMT)