Veltyco Group PLC (AIM:VLTY) entered into an agreement to acquire 51% interest in Varkasso Limited for €0.3 million on January 17, 2018. Under the terms of the transaction, Veltyco will pay a total consideration of €0.3 million to be satisfied through the issue of 0.1 million new ordinary shares in Veltyco and a cash consideration of €0.2 million. James Harris, Richard Tulloch and James Dance of Strand Hanson Limited acted as nominated financial advisors to Veltyco in the transaction.