25 March 2018
visit www.ebaday.com

Visa Inc gets green light from EC for Visa Europe acquisition

03 June 2016  |  10699 views  |  1 Visa logo

Visa Inc is expected to seal its takeover of Visa Europe by the end of the month, after getting full regulatory approval from the European Commission.

In April, Visa Inc tweaked the terms of the acquisition following preliminary feedback from the European Commission, scrapping a planned earn-out in exchange for an extra EUR1.75 billion in cash.

Under the original terms, Visa Inc was set to pay an upfront consideration of EUR16.5 billion in cash and stock with the potential for an additional earn-out of up to EUR4.7 billion payable following the fourth anniversary of closing.

Visa expects to realise around $200 million in annual pre-tax cost synergies through the deal by 2020, representing about 30% of Visa Europe's operating expenses.

Comments: (1)

Jonathan Bowles
Jonathan Bowles - catalyst - odiham | 05 June, 2016, 10:43

whats in it for the customers?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Visa Inc amends Visa Europe deal to appease EC

Visa Inc amends Visa Europe deal to appease EC

22 April 2016  |  13122 views  |  1 comments | 8 tweets | 5 linkedin
Visa Inc agrees EUR21.2 billion deal for Visa Europe

Visa Inc agrees EUR21.2 billion deal for Visa Europe

02 November 2015  |  10688 views  |  3 comments | 24 tweets | 27 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
www.currencycloud.comvisit www.ebaday.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
15006 views 0 | 8 tweets | 5 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
12505 views comments | 16 tweets | 35 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
12144 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
10884 views comments | 14 tweets | 32 linkedin
Germany's N26 readies for US launch with EUR110 million capital injection led by Allianz and TenCentGermany's N26 readies for US launch with E...
9046 views comments | 15 tweets | 11 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job