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VNV announced that it has entered into an agreement to fully exit its investment in Gett to Pango Pay & Go for total net consideration of USD 83m. At closing (expected in H2/24), VNV will receive USD 70m while the remaining USD 13m is to be paid to VNV in parts following the first, second and third anniversaries of the transaction’s closing. The total consideration of USD 83m represents an 11% discount to the valuation of Gett in VNV’s net asset value as of 31 March 2024.
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