Currenc Group Announces Signed Reinstatement of Tranglo SPA and Agreement in Principle for Proposed 100% Acquisition at US$666.7 Million and Extension of Longstop Date to March 31, 2027
Currenc Group announced that the Tranglo SPA has been reinstated and that the parties agreed in principle to pursue a 100% acquisition of Tranglo at US$666.7 million, subject to definitive documentation and agreement with Ripple Markets APAC. The longstop date was extended to March 31, 2027.
Why it matters — The proposed transaction and its conditions and extended timeline are relevant to CURR watchers following the company's plans for Tranglo.