.
MergerLinks Header Logo

New Deal


Announced

Lunar to acquire Instabank for €132m.

Financials

Edit Data
Transaction Value£109m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium56.3%
One Off Charge-

Tags

Edit

commercial banks

Cross Border

Single Bidder

Banks

Public

Acquisition

Friendly

Norway

Majority

Pending

Synopsis

Edit

Lunar, a financial technology company, offered to acquire Instabank, a provider of banking services, for €132m ($142m). If the shareholders accept Lunar’s offer to acquire Instabank, Lunar's position as the leading financial challenger across banking, payments and investments in the Nordics will be cemented.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US