RevoluGROUP Canada Inc.
Vancouver, BC, Canada, June 19, 2024 (GLOBE NEWSWIRE) —
RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) is thrilled to announce a strategic negotiations with a U.K. based financial group for the sale of its Spanish based subsidiary Revolupay EP, S.L.U.
RevoluGROUP Canada Inc. reported today that it is in negotiations with a U.K. based financial group for the sale of its Spanish based subsidiary Revolupay EP, S.L.U, a licensee of payment institution through the Central Bank of Spain. The principal terms of the proposed sale are as follows:
the purchase price is approximately 4.3 million dollars Canadian (subject to final negotiation, adjustments and currency fluctuations);
the parties finalize a Share Purchase Agreement;
the transfer of the shares must be authorized by the Central Bank in Spain; and
closing will be subject to the…
