Paris, France, May 19, 2015 (GLOBE NEWSWIRE) -- Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, was informed that Bpifrance had acquired a 5.5% stake in the Group's share capital from Morpho, a wholly owned subsidiary of Safran.
Ingenico Group welcomes Bpifrance within its capital, which reflects the Group's success and its unique positioning in the payment ecosystem.
In this context, the Board of Directors will support the appointment of an independent board member from a list of candidates proposed by Bpifrance. The Group will continue to ensure that its Board of Directors represents all shareholders to ensure independence and governance best practices.
Philippe Lazare, Chairman and CEO of Ingenico Group, commented: "We are very pleased with Bpifrance entering group capital as a long-term shareholder to support the implementation of our development strategy across the globe. The Group will continue to focus on creating value for all its shareholders."
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 - ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world's largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world's best known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise.
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