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EVERTEC Group agrees to purchase 100% of shares of PlacetoPay's capital stock

EVERTEC Inc.'s main operating subsidiary, EVERTEC Group LLC, agreed to acquire 100% of the shares of capital stock of gateway and payment service provider PlacetoPay.

The transaction is subject to customary closing conditions, including U.S. federal bank regulatory approval.

EVERTEC reported second-quarter net income attributable to its common shareholders of $27.1 million, or 37 cents per share, up from $20.1 million, or 27 cents per share, for the same period in 2018.

The company expects revenues for 2019 to be between $477 million and $482 million, while earnings per share are expected to be between $1.36 and $1.42. The adjusted earnings per common share, on a non-GAAP basis, are expected to be between $1.92 and $1.98 for 2019.

In its earnings release, EVERTEC also said during May and June, it entered into agreements with Citibanamex and Citibank to expand its collection and payments platform to Guatemala and Mexico.