Financial services and technology group Net1 UEPS has sold its remaining stake in Liechtenstein-based Bank Frick for $30m (R450m), which will be reduced by $3.6m as it settles obligations and terminates agreements.

Net1 had said in 2019 it would pay $46.4m to exercise its option to acquire an additional 35% stake in Bank Frick, giving it 70%, but called this off in a bid to save cash and focus more on Africa...

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