Corpay, a major payment and fintech company, has made a significant decision to acquire UK's Alpha Group in a $2.2 billion deal, marking a substantial expansion of their investment fund services. To finance the acquisition, Corpay plans to divest its legacy fuel card portfolio worth around $60M. The acquisition represents a strategic bet on intensifying cross-border payments and is viewed by BofA as a 'net positive.' Meanwhile, Corpay extends its partnership with West Ham United for global payment solutions and becomes the Official FX Partner of the FIM World Supercross Championship. The company also progressed with its divestiture program, shedding its portfolio in favor of aggressive acquisition goals. Aside from this, Corpay is also venturing into the hospitality industry as Corpay Lodging launches a new mobile app. There are rumors of a shareholder investigation, but the firm managed to maintain its strong growth, further backed by Deutsche Bank resuming a buy rating for its stocks.
Corpay CPAY News Analytics from Wed, 12 Feb 2025 08:00:00 GMT to Sat, 26 Jul 2025 08:21:28 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 5
