OSL Group acquires Banxa for a value of up to CAD 85.2 million
On June 27, OSL Group (stock code 00863) – a listed company in Hong Kong – announced plans to acquire all shares of Banxa through its wholly-owned indirect subsidiary OSL BNXA Acquisition Inc. This transaction is conducted under a scheme with a maximum price of approximately CAD 85.2 million.
Banxa – Multi-regional cryptocurrency infrastructure provider
Banxa is not only a cryptocurrency infrastructure provider but also a publicly listed company on the Toronto Venture Exchange, serving a broad market in Europe, North America, and Australia. This is a strategic move by OSL Group to expand its global reach in the digital asset sector.
The importance of the deal for OSL Group
The acquisition of Banxa marks a significant enhancement in OSL Group's diversification strategy and strengthening of its cryptocurrency ecosystem. The deal helps OSL solidify its position in the international market while gaining deeper access to trading and digital payment infrastructure in key regions worldwide.
Long-term impact on the global cryptocurrency market
The combination of OSL Group and Banxa is expected to create a strong impetus for the digital asset ecosystem, helping to promote more seamless and efficient payment solutions. This is a positive signal for the trend of industry consolidation, increasing competitiveness, and expanding global operations.
Source: https://tintucbitcoin.com/osl-group-mua-toan-bo-co-phan-banxa/
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