Baltic operations divestment (Jan 13–26, 2026)

Baltic operations divestment (Jan 13–26, 2026)

What happened:

Banqup Group, listed on Euronext Brussels, signed an agreement to sell its Baltic operations to Estonia-based Fitek OÜ for €9.5 million (enterprise value, cash- and debt-free). The transaction covers operating entities in Estonia, Latvia, and Lithuania and is subject to competition authority approvals in all three countries.

What it means:

For Banqup, the divestment supports debt reduction and a sharper focus on core Western European markets. For Fitek, it strengthens its position as a leading regional e-invoicing provider amid expanding mandatory electronic invoicing frameworks across the Baltics.

What’s next:

Closing is expected by the end of February 2026 following regulatory approvals. Key points to watch include competition authority decisions and the formalisation of Fitek’s role as an authorised reseller of Banqup products in the region. BSM © 2026 &A

Image: photos/photo_176@26-01-2026_21-00-05.jpg