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05.03.25 - 22:06
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Lesaka completes the acquisition of Recharger (GlobeNewswire EN)
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JOHANNESBURG, March 05, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (Nasdaq: LSAK; JSE: LSK) today announced the completion of the acquisition of Recharger (Pty) Ltd (“Recharger”) on March 3, 2025. The purchase consideration of ZAR 507 million ($27 million) comprises ZAR 332 million ($18 million) in cash and ZAR 175 million ($9 million) in shares of Lesaka common stock, to be settled in two tranches. Lesaka extended a ZAR 43 million ($2 million) loan to Recharger at closing which was exclusively used to repay an existing loan due by Recharger to the seller....
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