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Cuscal Limited ( (AU:CCL) ) just unveiled an update.
The Australian Competition and Consumer Commission (ACCC) has decided not to oppose Cuscal Limited’s proposed acquisition of Indue Limited, as it is unlikely to significantly reduce competition in the payment facilitation services market. The acquisition is expected to deliver efficiencies and support continued investment in products and innovation, benefiting small and mutual bank customers and fintechs. Despite Cuscal and Indue being major players, the presence of multiple suppliers ensures competitive options remain available, and the increasing digitization of payments may further reduce barriers to entry.
The most recent analyst rating on (AU:CCL) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Cuscal Limited stock, see the AU:CCL Stock Forecast page.
More about Cuscal Limited
Cuscal Limited operates in the financial services industry, providing payment facilitation services that enable organizations such as small banks and fintechs to offer payment solutions like eftpos and debit card processing. Their customers include financial institutions, credit unions, corporates, government agencies, and fintech companies.
Average Trading Volume: 334,169
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$773.9M
For an in-depth examination of CCL stock, go to TipRanks’ Overview page.