The online payments provider has recently appointed LongAcre Partners to conduct a strategic review of the business, which has around 2.3 million account holders and this year is expected to generate pre-tax profits of approximately EUR 4 million.
The sale at a price of between EUR 100m and EUR 200m is expected to attract the interest of NETeller, which is keen to expand its European presence following the recent restrictions on online gambling in the USA.
Elsewhere, FireOne is reportedly considering the closure of its Montreal office after that talks about the sale of the business ended.
According to the Sunday Express, a private equity firm part of the investment firm Goldman Sachs could be about to bid around £400 million for the UK government-owned Tote bookmakers.
Barclays Stockbrokers announced the launch of a new financial spread betting service aimed at retail investors. Spread betting has surged in popularity in recent years as it allows investors to bet on price falls by selling stocks, currencies or commodities they don\’t own. The new service will put Barclays in competition with firms such as IG Group, City Index and World Spreads.
Calculators
