Visa acquired the company Visa Europe: the largest transaction in the history of the payment system
The world's largest payment system Visa has concluded the largest transaction in the history of its existence. The payment system will buy Visa Europe Ltd. for € 21.2 billion ($ 23.4 billion).
The initial payment will be 16.5 billion euros. In addition, the payment "by results" (in the case of high efficiency of the company) can be up to 4.7 billion euros four years after the completion of the purchase. The purchase will allow the payment system to combine operations worldwide, according to a press release . In late October, the publication The Wall Street Journal has already reported on negotiations between the companies. Then the deal was estimated at about $ 22 billion.
Now, company executives are planning to close the deal in the third quarter of the 2016 fiscal year. The boards of directors of both companies approved the deal by unanimous decision.
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Until 2007, Visa and Visa Europe were part of the same structure - the Visa International Service Association. Preparing for an IPO, Visa Inc. approved a new business structure. Companies share a common brand, but are practically independent of each other and have their own payment systems. Now the owners of European Visa are more than three thousand European banks. The board of directors of the company is elected by the participants and consists of 22 representatives of leading European banks. In 2014, the company received a profit of 219.8 million euros (+ 29%).
Visa Europe is the leader in payments in the European market. Last year, the system spent more than 16 billion payments and issued more than 500 million cards. The company's profit in 2014 increased by 29% to € 219.8 million.
Visa Inc. - a global payment system that provides access to the network of electronic payments to cardholders, trade and service enterprises, financial and government institutions in more than 200 countries. The company's market capitalization is about $ 192 billion.
Through the acquisition of Visa Europe California-based Visa Inc. It will be able to get access to the high-growth markets of Turkey and Poland, which have long been interested in it. In addition, it will improve its position in comparison with competing MasterCard , the total network of which is smaller, but which owns its own division in Europe, reports Interfax.
According to estimates by Citigroup analyst Donald Fandetti, the deal may increase company profits by 5%. Sanford Bernstein (Sanford Bernstein) expects Visa Inc. profits. by 2018 will grow by 12%.
Today, November 2, Visa also reported on the performance for the current fiscal year. The company's net profit during this time increased by 16% to $ 6.3 billion.
The initial payment will be 16.5 billion euros. In addition, the payment "by results" (in the case of high efficiency of the company) can be up to 4.7 billion euros four years after the completion of the purchase. The purchase will allow the payment system to combine operations worldwide, according to a press release . In late October, the publication The Wall Street Journal has already reported on negotiations between the companies. Then the deal was estimated at about $ 22 billion.
Now, company executives are planning to close the deal in the third quarter of the 2016 fiscal year. The boards of directors of both companies approved the deal by unanimous decision.
')
Until 2007, Visa and Visa Europe were part of the same structure - the Visa International Service Association. Preparing for an IPO, Visa Inc. approved a new business structure. Companies share a common brand, but are practically independent of each other and have their own payment systems. Now the owners of European Visa are more than three thousand European banks. The board of directors of the company is elected by the participants and consists of 22 representatives of leading European banks. In 2014, the company received a profit of 219.8 million euros (+ 29%).
Visa Europe is the leader in payments in the European market. Last year, the system spent more than 16 billion payments and issued more than 500 million cards. The company's profit in 2014 increased by 29% to € 219.8 million.
Visa Inc. - a global payment system that provides access to the network of electronic payments to cardholders, trade and service enterprises, financial and government institutions in more than 200 countries. The company's market capitalization is about $ 192 billion.
Through the acquisition of Visa Europe California-based Visa Inc. It will be able to get access to the high-growth markets of Turkey and Poland, which have long been interested in it. In addition, it will improve its position in comparison with competing MasterCard , the total network of which is smaller, but which owns its own division in Europe, reports Interfax.
According to estimates by Citigroup analyst Donald Fandetti, the deal may increase company profits by 5%. Sanford Bernstein (Sanford Bernstein) expects Visa Inc. profits. by 2018 will grow by 12%.
Today, November 2, Visa also reported on the performance for the current fiscal year. The company's net profit during this time increased by 16% to $ 6.3 billion.
Source: https://habr.com/ru/post/295960/
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