PayPoint completes £70 million acquisition of Handepay and Merchant Rentals

LONDON: PayPoint has completed the acquisition of Handepay Limited and Merchant Rentals Limited, after receiving regulatory and other customary approvals. The cash consideration for the acquisition is £70 million on a cash free debt free basis, after closing balance sheet adjustments. The acquisition of Handepay/Merchant Rentals significantly enhances PayPoint’s existing cards business, with a 30,000-strong…