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PayU buys majority stake in Singapore's Red Dot Payment

Friday 5 July 2019 | 10:33 CET | News
Naspers' payments and fintech business PayU has acquired the majority stake in Red Dot Payment, a Southeast Asian online payment services provider. The transaction values Red Dot Payment at USD 65 million. Red Dot Payment's founder will continue to retain a stake in the company, while the majority of other shareholders will exit. Evolve Capital Asia acted as the exclusive financial adviser to the Founder and selling shareholders.

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Categories: Internet
Companies: Naspers
Countries: Asia / Singapore
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