Customers ups stake in NZATM

Customers ups stake in NZATM

Electronic payment company Customers Limited (ASX:CUS) has lifted its stake in New Zealand ATM Services (NZATM) to 34.25% from 9.25%.

NZATM provides independent ATM services to merchants across New Zealand. It has been working with financial institutions in New Zealand, as well as the Paymark transaction processing business jointly owned by four major New Zealand banks, on a pilot roll-out of convenience ATMs.

The 92 ATM pilot has been successful so far, NZATM said.

Customers said it had acquired the stake partly through the purchase of part of another shareholder's stake, and partly through an already contracted further investment.

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Tags Mergers and acquisitionsNew ZealandCustomers LimitedNZATM

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