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Access Microfinance Holding and LFS Financial Systems Announce Partial Merger
Access Microfinance Holding AG (AccessHolding) and LFS Financial Systems GmbH (LFS) have completed a partial merger effective 1 January, 2018.
As part of this transaction, LFS has spun off the business divisions that were previously involved in the management of AccessHolding and its network banks and brought them into AccessHolding. In exchange for this resource transfer, LFS received an additional equity stake in AccessHolding. Going forward, LFS continues to provide consulting and management services through its remaining business lines.
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