GVC completes sale of Kalixa Group
GVC Holdings confirmed the sale of its payment processing business, operating under the Kalixa Group banner, to Senjō Group on Thursday.
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The FTSE 250 firm had initially announced the sale on 19 December.
Its board confirmed the total consideration of €29m had been paid in cash by the acquirer, and was subject to a completion accounts adjustment.
“As previously disclosed, the sale will have a neutral effect on the GVC's EBITDA and the Kalixa Group continues to provide payment processing services to GVC post-completion under an existing contract,” the board said in its statement.