Brisbane firm’s monster European deal to make it global powerhouse

The digital banking outfit announced Wednesday that it would shell out up to $170m in both cash and shares to buy all the stock in European payments provider Sentenial.The conditional deal, which must still clear regulatory hurdles, will see an immediate payment of $108.6m and includes the promise of another $62.1m if a number of performance hurdles are cleared.EML already provides prepaid cards and digital gift cards in 28 countries but the addition of Sentential is expected to turbocharge the…



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