Herro and Nygren Comment on Ingenico Group

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Jan 11, 2017

During the quarter, we initiated one new position in France-based Ingenico Group (XPAR:ING), a global leader in secure electronic payment solutions. The company provides products and services that include point-of-sale payment terminals, payment software and mobile e-payment solutions. We eliminated our positions in China ZhengTong Auto Services (China) and Ichiyoshi Securities (Japan) during the quarter. Also in December, the acquisition of gategroup (Switzerland) by Chinese conglomerate HNA Group was completed.

From David Herro (Trades, Portfolio)'s Oakmark International Small Cap Fund fourth quarter 2016 commentary.

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