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Latitude Group Holdings Ltd (ASX: LFS) to acquire Humm Group in a deal worth $335m

Latitude Group Holdings Ltd (ASX: LFS) has announced it has executed binding agreements to acquire Humm Group Ltd’s consumer business (BNPL, Instalments and Cards) for 150 million Latitude shares and $35 million in cash representing a total consideration of approximately $335 million.

Latitude Group Holdings Ltd shares lifted 1.75% at $2.04/share following the announcement.

Humm Group Ltd shares rose 1.74% to $0.88/share following the announcement.

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