|Bid||100.10 x 3000|
|Ask||0.00 x 1500|
|Day's Range||82.09 - 83.04|
|52 Week Range||68.28 - 99.25|
|PE Ratio (TTM)||20.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Here are three European players in the payment-services sector that one analyst says are the best bets for investors. A $10 billion deal this month has helped bring excitement to the growing sector.
Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday. Payments companies have become ...
French payments specialist Ingenico (INGC.PA) is to buy Stockholm-based rival Bambora from Nordic Capital for 1.5 billion euros ($1.7 billion) in the latest deal in the sector. Payments firms have become targets for credit card companies and banks seeking to capitalize on a switch from cash transactions to paying by smartphone or other mobile devices. Ingenico shares jumped 10 percent shortly after the opening of the Paris stock exchange.
French payments specialist Ingenico is to buy rival Bambora from Nordic Capital for 1.5 billion euros ($1.7 billion), in the latest takeover deal to sweep the payments sector. The acquisition of Stockholm-headquartered Bambora, which had gross revenues of 202 million euros in 2016, would lift Ingenico's earnings and lead to synergies, Ingenico said in a statement on Thursday. "Coupled with the investments made in our platforms and the development of new technological features, Bambora will enhance our customer centric approach and will reinforce our online and in-store positioning through a perfect complementarity," said Ingenico Chairman and Chief Executive Philippe Lazare.
The pan-European STOXX 600 index was down 0.8 percent as global markets were hit by worries that U.S. President Donald Trump could struggle to deliver on his reflationary economic policies. The banking sector dropped 1.8 percent. "Bank stocks were the biggest losers in U.S. markets, just because they had been doing the best, and they were epitomising the reflation trade with higher interest rates and higher inflation with Trump-led spending," Jasper Lawler, senior market analyst at London Capital Group, said.
Buyout groups are preparing final bids for German payments group Concardis, potentially valuing the group at more than 600 million euros ($636 million), people close to the matter said on Monday. Concardis' largest shareholder is Deutsche Bank, with a 16 percent stake, while smaller stakes are held by Commerzbank, Unicredit, as well as savings banks and cooperative banks. Concardis offers card payment terminals as well as payment technology for e-commerce groups and is viewed as a non-core business by many of its owners.
Buyout groups are preparing final bids for German payments group Concardis in a deal potentially valuing the group at more than 600 million euros ($636 million), people close to the matter said on Thursday. CVC, Bridgepoint and a consortium of Advent and Bain are expected to hand in an offer for the group, which is jointly-held by several German banks, by a deadline early next week, the people said, adding that strategic players such as Wirecard have dropped out of the race. Concardis' largest shareholder is Deutsche Bank with a 16 percent stake while smaller stakes are held by Commerzbank, Unicredit as well as savings banks and cooperative banks.