(Alliance News) - AATech has agreed with the shareholders holding 57.71 percent of Business Innovation Lab, owner of the Opyn platform, to purchase a stake of up to 100 percent--minimum 50.1 percent--in BIL, Milano Finanza explained Thursday.
The acquisition, worth EUR20.2 million, will take place partly in cash and partly through AATech shares and warrants.
The shareholders also decided to exit the market for asset management and payment services, focusing the group on technology services for the financial industry.
By Claudia Cavaliere, Alliance News reporter
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