e-pay Asia calls off talks over Centurion takeover

e-pay Asia calls off talks over Centurion takeover

Prepaid mobile top-up service provider e-pay Asia (ASX:EPY) has called off plans to sell its operating subsidiaries to Centurion Portfolio.

e-pay Asia had intended to sell the subsidiaries for $7 million exclusive of debt, combined wit a return of capital to shareholders of 15 cents per share.

But in negotiations, the companies have been unable to agree on the terms and conditions of any sale agreement.

The heads of agreement the negotiations had been conducted under has now lapsed, and the sale will not proceed, e-pay Asia said.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionse-pay Asia

Show Comments