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Zip Co Completes the Acquisition of Twisto As Part Of European Expansion Strategy

12 Nov 2021  |  09:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Completes Twisto Acq as part of European Expansion Strategy

Zip Co announced that it has completed the acquisition of Twisto Payments (Twisto). Under the terms of the Twisto acquisition, the Company has issued 17,454,987 new shares to the securityholders of Twisto (and/or their nominees), such shares comprising the Upfront Consideration Shares approved by its shareholders at its 2021 AGM. The upfront purchase price paid by the Company for the Twisto acquisition is EUR73.8m (A$115.8m).

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