Merlin stake acquired by ABN AMRO Participaties - report (translated)
11 APR 2018
A stake in Netherlands-based Merlin has been acquired by ABN AMRO Participaties, Dutch newswebsite Iex.nl reported. The stake is substantial, but its exact size not known, the report said. Iex.nl cited an unspecified announcement. Financial details were not made public.
Merlin is based in the Dutch town of Maarssen. The company designs, develops, produces and maintains payment solutions based on cash and electronic methods. In this segment, Merlin is market leader in The Netherlands, according to its website.
The acquisition is aimed at the faster growth of Merlin, focusing on innovative payment methods and the expansion of its international network, the report added.