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Ship Global 2 sells stake in WorldPay for total £606m

02 February 2017 09:36

Ship Global 2 & Cy S.C.A (Ship Global 2) has sold a total of 214m shares in WorldPay Group at a price of 282.75p each, raising aggregate gross sale proceeds of about £606m.

Following completion of the placing, Ship Global 2 would no longer hold any ordinary shares in WorldPay. Ship Global 2 is jointly owned by funds managed by Advent International Corporation and by Bain Capital LLC.

Proceeds of the placing were payable in cash on usual settlement terms, and closing was expected to occur on Feb. 6. WorldPay would not receive any proceeds from the placing.

Separately, Worldpay confirmed the appointment of Peter Jackson as Chief Executive Officer of Worldpay UK. He would join on March 1 and report to Group CEO Philip Jansen.

At 9:36am: (LON:WPG) Worldpay Group Plc share price was -11.05p at 276.65p

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