FCA consents to FairFX acquisition of CardOne
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FairFX updated the market on its conditional acquisition of CardOne on Thursday, reporting that the Financial Conduct Authority had now consented to the acquisition by FairFX of a ‘qualifying holding’ in CardOne.
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The AIM-traded firm said the consent was based on completion of the proposed acquisition, in connection with the Payment Services Regulations 2009.
“This acquisition remains conditional on … the passing of the resolutions at the general meeting to be held later today,” the FairFX board said on Thursday morning.
The company said it would provide a further update on the fundraising and acquisition following the general meeting.