Zamano says offer talks have ended

Zamano said the talks it had entered into in August regarding a possible takeover offer have been terminated.

On 3 August, the mobile payments and marketing company announced that it had received a preliminary and highly conditional approach regarding a possible offer at a price of €0.20 per Zamano share.

Shares in the company rocketed after the announcement.

Zamano said on Friday that following termination of the discussions, it will continue to seek investment, acquisition and joint venture opportunities to enable it to grow and diversify its business.