CAB Payments pledges growth after StoneX ditches bid talks

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CAB Payments pledges growth after StoneX ditches bid talks

Reuters11-07

LONDON, Nov 7 (Reuters) - CAB Payments , a London-listed cross-border payments processor, said on Thursday it would drive "attractive, sustainable growth" from 2025 after U.S. rival StoneX Group pulled out of takeover talks.

CAB said it noted the announcement by StoneX Group Inc. confirming that it did not intend to make an offer. CAB said it would provide an update on its 2024 full-year trading performance in January 2025.

(Reporting by Kirstin Ridley; editing by Sinead Cruise)

((kirstin.ridley@thomsonreuters.com; +44 (0) 207 513 5666;))

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