The transaction, announced on 20 April 2026, allows Agilyx to consolidate GreenDot’s financial statements upon closing, improving financial visibility and reporting alignment.
Stake increase through joint acquisition
The Agilyx majority in GreenDot is achieved through a joint acquisition with Lafor of the 19.1% stake currently held by Circular Resources.
Following completion, Agilyx will increase its ownership from 46% to 50.1%, while Lafor will hold 49.9%. The governance structure will also change, with Agilyx CEO Ranjeet Bhatia appointed as chairman of GreenDot.
GreenDot financial outlook
GreenDot is expected to generate approximately EUR 375 million in revenue and more than EUR 22 million in EBITDA in 2026. The Agilyx majority in GreenDot is therefore expected to have a material impact on consolidated financial performance.
Financing structure supports acquisition
To fund the additional 4.1% stake, Agilyx has arranged a EUR 4.7 million share purchase financing facility. The facility carries a 7% interest rate and a duration of around six months.
The company indicated that the structure enables full funding of the transaction without immediate cash impact, supporting short-term liquidity management.
Bondholder approval and transaction timeline
The Agilyx majority in GreenDot has received approval from two-thirds of the voting bondholders under the company’s EUR 40 million subordinated convertible bonds 2025/2028.
Completion of the transaction and dispatch of the written resolution were expected on 20 April 2026. The announcement is made in accordance with Section 5-12 of the Norwegian Securities Trading Act.
