Ingenico closed the sale of 70% of TransferTo

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Paris, December 12, 2013 – Ingenico (Euronext: FR0000125346 - ING), leading worldwide provider of payment solutions, announced today the closing of the sale of its subsidiary TransferTo, an international airtime provider. Following the closing of the transaction, TransferTo’s management now holds 70% of this entity.

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TransferTo has been deconsolidated as of December 1st. Its contribution to the Group’s revenue for December was expected to be around €7 million.

The Group confirms that this transaction does not change the Group’s 2016 financial perspectives, as presented last March 26th, to sustain profitable growth, with revenue over €1.8 billion while improving its operational performance with an EBITDA margin above 20%.

News Source : Ingenico closed the sale of 70% of TransferTo

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