SWEDEN - Danske Venture Partners sells Netgiro for $27m

Danske Venture Partners has sold Swedish Netgiro to US e-commerce provider Digital River for $27m in cash. According to press reports British rival Datacash had previously agreed an offer of EUR 10.25m in February. The purchase was put on hold due to the defeat of a resolution at a Netgiro EGM called to pave the way for the deal. At the time, Datacash said it would pursue legal actions because of Netgiro’s conduct and one of its shareholders, but the case was subsequently dropped.