Nets needs a buyer

Aug 29, 2013

Electronic payment system administrator Nets admits that it is seeking a buyer in order to prevent being overwhelmed by global payment solutions.

It has been speculated since June that Nets might be grooming itself for a sale, but the management had declined to speak openly about it.

Chairman Peter Lybecker, who also sits on the board of Nordea bank, confirmed that Nets is looking for a buyer or possibly going public as a way to ensure that the company keeps developing.

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