News Formal

Payments firm Planet pays €5m for Fexco’s Irish tax-free business

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Galway-based fintech, valued at €1.8bn, buys Horizon Tax-Free Services

Planet, the Galway-based payments company valued at €1.8 billion two years ago following a buyout, has acquired Fexco’s Irish tax-free business.

Terms of the deal have not been disclosed, but informed sources said Planet paid around €5 million for Horizon Tax-Free Services. The acquisition comes as Planet recently received a €35 million cash injection from its parent as it looks to grow market share further.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PayPal to sublease its turnkey offices in Dundalk business parkPayments company to sublease or assign its leasehold interest in offices at Xerox Technology Park for in excess of €2 million
Source: businessposthq - 🏆 8. / 71 Read more »