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BRIEF-PayPoint sells mobile payments business to Volkswagen Financial for 26.5 mln stg
December 23, 2016 / 9:22 AM / a year ago

BRIEF-PayPoint sells mobile payments business to Volkswagen Financial for 26.5 mln stg

Dec 23 (Reuters) - PayPoint Plc

* Announces sale of mobile payments to Volkswagen Financial Services AG for 26.5 million stg paid in cash at completion today

* Deloitte LLP acted as corporate finance adviser and Mills & Reeve LLP as legal adviser to PayPoint on sale

* A dividend of gross sale proceeds, which amounts to 38.9p per share, will be paid on 11 jan Source text for Eikon: Further company coverage:

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