Market Tech Holdings to buy remaining 25% stake in German mobile marketing firm

AIM-listed Market Tech Holdings, which owns property and e-commerce businesses, is to buy the remaining 25% stake in Glispa, a Berlin-based mobile marketing business, that it does not already own for €15m.

In March 2015, the AIM-listed company bought a controlling stake in Glispa for €32m and committed to invest up to €20m to further Glispa’s future development.

The remaining 25% stake is owned by Gary Lin, Glispa’s founder and chief executive, and he put a put option over his interest that could be exercised between two and four years from 2015.

Market Tech has exercised the put option and the deal is expected to complete in the coming weeks.

Shares in Market Tech Holdings were down 1.68% to 146p at 0957 BST.