Stargroup Limited (ASX: STL) has announced the scheduled settlement of the Indue acquisition did not occur by 24 January as envisaged, however both parties remain committed to the transaction completing. Stargroup will update the market as soon as the transaction is complete.
Financial Technology and ATM machine company Stargroup Limited (ASX : STL) wishes to advise that the settlement of the acquisition of the Indue Limited (Indue) Automatic Teller Machine (“ATM”) switching, settlement, processing, telecommunications and reseller business, originally scheduled for 24 January 2017 has not completed but is still proceeding, on an unconditional basis.
Mr Todd Zani, Stargroup’s CEO and Executive Chairman said “Both parties are committed to this acquisition and the ongoing relationship and the transaction is unconditional. We will advise the market as soon as the transaction is complete.”
CEO and Executive Chairman