Market Entry China
Market Entry China
Acquisition of a controlling stake of 80% in Beijing-based AllScore Payment Services;
Call Option to acquire remaining 20% stake after two years.
Unique license portfolio for a foreign investor in China, including a cross-border license.
Strong growth potential by supporting Chinese and international merchants in their business
inside and outside of China and offering cost-efficient fund-repatriation.
125 payment experts led by a seasoned, fully committed and well connected management team.
Maximum consideration of up to EUR 109.3 million:
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Capital Increase in AllScore of EUR 10.4 million.
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Closing cash payments of up to EUR 62.0 million.
Earn-out payment of up to EUR 16.7 million (subject to EBITDA targets in FY 2020).
Call option amount of up to EUR 20.2 million (subject to post-closing EBITDA targets).
After an integration phase in FY 2020, Wirecard projects to generate EBITDA contributions of
more than EUR 35 million in 2021 and more EUR 50 million in 2022.
© Wirecard 2019
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