Fidelity completes sale of Certegy Australia unit
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.
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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.