Alpha Group International plc (AIM:ALPH) entered into a conditional agreement to acquire 85% stake in Financial Transaction Services BV from ING Ventures for ?9.4 million on September 12, 2023. The consideration to be paid in cash. The remaining stake to be acquired via a performance-based earn-out between 2025 and 2028. Cobase has revenues of over ?2 million. Cobase will retain its team and continue to operate under its own brand and management whilst its proprietary technology will help to accelerate Alpha's digital proposition and enable us to become increasingly more integrated with our clients by providing a more holistic treasury service around our core FX risk management proposition. Liberum acted as a advisor in transaction. Clair Wermers, Elmer Veenman, Herman Boersen of CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to Alpha Group International plc.

Alpha Group International plc (AIM:ALPH) completed the acquisition of 85% stake in Financial Transaction Services BV from ING Ventures on December 1, 2023. Alpha Group International plc received approval from the Dutch Central Bank and fulfilled all other closing requirements.