Nuvei Corp. (TSE:NVEI) has released an update.
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Nuvei Corp. reported robust financial results for Q1 2024, with a 31% revenue increase to $335.1 million and a significant improvement in net loss, which decreased by 42% to $4.8 million. The fintech giant also announced an upcoming acquisition by private equity firm Advent International in a lucrative all-cash deal valued at around $6.3 billion, signaling a 56% premium over the stock’s closing price prior to acquisition rumors.
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