Nets welcomes US$5.3bil takeover bid by Hellman & Friedman


COPENHAGEN: Payments firm Nets has welcomed a 33.1 billion Danish crown (US$5.3bil) bid from US firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years.

Nets said in July it had been approached by potential buyers as the industry sees a wave of deals, with consumers switching to card and mobile payments and regulatory changes promising to open up the fragmented market.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Nets , hellman & friedman

Next In Business News

Oil heads for first weekly gain in three as US-Iran tensions brew
Bursa Malaysia lower at midday amid hawkish US Fed cues
I-Bhd delivers higher FY25 earnings of RM55.74mil
Malaysia's Jan exports jump 19.6% as E&E demand climbs
Nestle Malaysia rises on ice cream business sale talk
Stocks dip and oil climbs as Trump ramps up Iran threats
Ringgit opens higher vs US$ amid geopolitical tensions
FBM KLCI lift slightly amid higher crude oil prices
Trading ideas: Nestle, MISC, IHH, Atlan, FBG, Bina Puri, Jentayu, Cape EMS
Nestle to explore sale of ice cream business

Others Also Read