Alphyra buys majority stake in PayPoint

Dublin based electronic payments firm Alphyra has agreed to buy a majority stake in PayPoint, which runs a network of electronic payment terminals installed in UK stores, for £80m (€119.3m).

Alphyra buys majority stake in PayPoint
Fri, 27 Feb, 2004 - 13:40

Dublin based electronic payments firm Alphyra has agreed to buy a majority stake in PayPoint, which runs a network of electronic payment terminals installed in UK stores, for £80m (€119.3m).

Alphyra's stake is being acquired from the BT Group and EDF Energy, a unit of French state-owned Electricite de France. Alphyra is being backed by Benchmark Capital.

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CourtsBusinessHeathrowPlace: DublinPlace: UKOrganisation: AlphyraOrganisation: PayPointOrganisation: BT GroupOrganisation: EDF EnergyOrganisation: Electricite de FranceOrganisation: Benchmark CapitalOrganisation: BTOrganisation: British Gas
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