Announced
Financials
Sources
Tags
Pending
financial services software
online platform
financial service providers
Private
Acquisition
Minority
Friendly
China
Online and Social Platforms
Private Equity
Synopsis
Alibaba Group Holding Limited and Ant Small and Micro Financial Services Group Co. Ltd. announced that pursuant to 2014 transaction agreements, Alibaba will acquire a 33% equity interest in Ant Financial. The parties have agreed to certain amendments to their 2014 transaction agreements to facilitate the transaction. The financial terms of agreement are undisclosed.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.