In QuotedData’s other news 27 January 2020, it is a quiet day
- UIL Limited is selling its investment in Optal Limited, its fourth largest holding (7.3% of the portfolio) and largest unlisted investment. Optal is a digital payment solutions company offering virtual account numbers, and credit and debit solutions for large scale payments in the travel, insurance and other industries. A definitive agreement for the sale of Optal and eNett International (a joint venture between Optal and Travelport Worldwide Limited) has been signed with WEX, Inc for a total of US$1.7bn (about $1.275bn in cash and 2m shares of WEX common stock. The transaction is not expected to have a material impact on UIL’s net asset value.