Tag Archives: PostePay S.p.A

IGT sheds corporate weight as Italian payments subsidiary sold


IGT has completed the sale of its Italian proximity payment business to PostePay S.p.A, striving to maintain focus on its corporate restructure and debt reduction.  Finalised at €700m, the sale will see PostePay take control of the payments business from IGT’s IGT Lottery subsidiary. The price represents a negotiated sales price with an enterprise value of €630m, approximately €70m of …

Read More »