GibMédia S.a.r.l agreed to acquire HiPay Mobile from HiPay Group SA (ENXTPA:HIPAY) for €6 million on June 19, 2017. The consideration is on a cash free/debt free basis and includes an earn-out payment of €3 million. Post-completion, all employees of HiPay Mobile will be retained. The transaction is subject to approval from HiPay Group shareholders in a Shareholder General Meeting scheduled on July 28, 2017. As of July 28, 2017, all proposed resolution were passed and the transaction was approved by HiPay Group shareholders. Détroyat Associés acted as independent expert to HiPay Group.