Fidelity completes sale of Certegy Australia unit

Source: Fidelity National Information Services

Fidelity National Information Services, Inc., (NYSE: FIS) has completed the previously announced sale of the operating assets of Certegy Australia, Ltd. to Flexigroup Limited (ASX: FXL) for $30 million in cash and other consideration.

Additionally, based on the current exchange rate and the collection of accounts receivable which were not included in the sale of assets, FIS expects to realize incremental net cash of approximately $110 million, with the majority of the receivables expected to be collected within 18 months.

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