Dahlgren Capital, the Sweden based financial group, with focus on fintech, cyber security, AI and automation, where active ownership and long-term value creation are cornerstones, has acquired a 20% stake in Westpay AB, the Sweden based bank-independent provider of payment services for merchants and consumers across the Nordic region. Dahlgren Capital has bought shares for SEK 9m, which corresponds to 20% of them. Westpay will receive approximately SEK 9m before issue costs through three separate payment tranches. Hence, Westpay will receive approximately SEK 3m no later than 19 June, 2024, approximately SEK 3m no later than 15 July, 2024, and approximately SEK 3m no later than 15 August, 2024. A total of 18,050,860 shares will be issued to Dahlgren Capital.
- Target – West International AB
- Buyer – Dahlgren Capital Ab (publ)
- Seller – Shareholders
