Lesaka Technologies Completes Acquisition of Payments Processor Adumo

MT Newswires Live

2024/10/02

Lesaka Technologies (LSAK) said Wednesday it has completed its acquisition of South African payments processor Adumo for about 1.67 billion rand ($96.1 million).

The deal includes the issuance of about 17.3 million shares of Lesaka's common stock and 232.2 million rand in cash to provide cash liquidity to a group of indirect Adumo shareholders who were unable to receive Lesaka shares under their investment mandates.

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