SANDPIPER Digital Payments AG: Sale Of Stake In Smart Loyalty AG
SANDPIPER Digital Payments AG (BX Berne eXchange, Ticker: SDP, www.sandpiper.ch, Open Market, Frankfurt, ISIN: CH0033050961), focusing on digital payment and security systems as well as solutions for access control, is selling its remaining shares in Smart Loyalty AG, Wiesbaden.
The previous stake of SANDPIPER in Smart Loyalty of 15.27% will be completely sold to Mountain Partners AG. Mountain Partners’ shareholding in Smart Loyalty will then increase to 28.18%. In recent years, Smart Loyalty AG has successfully and profitably positioned itself in its niche market of customer loyalty systems and continuously expanded its customer base.
“The sale of the Smart Loyalty shares emphasizes the further focus and unbundling of SANDPIPER and Mountain Partners. At the same time, SANDPIPER continues to work with Smart Loyalty and other companies in the Mountain network on concrete projects and future topics at the operational level,” says Frank Steigberger, Director of SANDPIPER.