Visa details restructuring

Source: Visa

Visa Inc. today filed a registration statement with the United States Securities and Exchange Commission (SEC) related to the series of transactions for the planned combination of Visa Canada, Visa International and Visa USA into a single private stock company, Visa Inc.

Visa Europe will remain a membership association and will become a licensee of, and own a minority interest in, Visa Inc.

The registration statement describes these transactions and provides details about the terms of Visa Inc.'s future relationship with Visa Europe as a licensee. The proposed restructuring is intended to facilitate an initial public offering of shares in Visa Inc.

Under this proposed structure, Visa Europe will remain a separate entity focused on meeting the unique needs of its customers in the European market.
At the same time, the Visa enterprise expects to work seamlessly, enhancing interoperability, reliability and security for Visa members, customers, cardholders and merchants around the world.

Once the SEC has completed its review and declared the registration statement effective, Visa will undertake a global process to secure member approval of the restructuring.

This press release is not an offer to sell, nor a solicitation of an offer to buy, any securities. Any offer will be made only by means of a prospectus contained in a registration statement that will be filed with the U.S. Securities and Exchange Commission.

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