Latitude Group to acquire Humm’s consumer business for $335mn

SYDNEY, AUSTRALIA: Latitude Group Holdings intends to acquire Humm’s consumer business (comprising BNPL, Instalments and Cards) for approximately $335 million comprising 150 million Latitude shares and $35 million cash. Latitude and Humm Group Limited have signed a non-binding heads of agreement in respect of the transaction, which includes an exclusivity undertaking until 31 January 2022.…