ASX 200 rises, EML jumps, Zip falls on Wednesday 7 April 2021
The S&P/ASX 200 Index (ASX: XJO) rose by 0.6% today to 6,928 points.
These are some of the highlights from the ASX, including a major acquisition by one ASX share:
The EML share price went up by 5.25% today after announcing the acquisition of Sentenial, including the open banking product, Nuapay, for an upfront enterprise value of €70 million, as well as an earn-out component of up to €40 million.
Sentenial is a leading European open banking and account to account payments provider, utilsing a cloud-native, API-first, full stack enterprise grade payment platform.
EML said that combining the two businesses’ platforms and capabilities is an opportunity to deepen customer relationships, enter new industry verticals and…