BRIEF-Monaker Group Enters Into Agreement To Acquire Majority Stake In Digital Bank

Reuters

2021-04-07

April 7 (Reuters) - Monaker Group Inc :

* MONAKER GROUP ENTERS INTO AGREEMENT TO ACQUIRE MAJORITY STAKE IN DIGITAL BANK WITH PLANS TO EXPAND LONGROOT’S INITIAL COIN OFFERING PORTAL WITH FINTECH SOLUTIONS

* MONAKER GROUP INC - MONAKER PAID US$6.4 MILLION IN CASH FOR ACQUISITION OF MAJORITY STAKE IN IFEB

* MONAKER GROUP INC - SIGNED AN AGREEMENT TO PURCHASE APPROXIMATELY 57.6% OF COMMON VOTING SHARES OF INTERNATIONAL FINANCIAL ENTERPRISE BANK, INC

* MONAKER GROUP - ANTICIPATES RECEIVING CONFIRMATION OF OCIF'S APPROVAL OR NON-APPROVAL OF COMPANY'S ACQUISITION OF SHARES BY APPROXIMATELY JUNE 2021

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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