trending Market Intelligence /marketintelligence/en/news-insights/trending/IyiIdDCQjmUabvxjBe67Ew2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Visa acquires additional 9.9% stake in UK payments firm Earthport

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Fed Officials Signal Optimism In US Economy Reiterate Rates Likely On Hold

After Curbing Year-End Volatility, Fed Weighs Future Of Repo Operations


Visa acquires additional 9.9% stake in UK payments firm Earthport

Visa Inc., through wholly owned unit Visa International Service Association, bought an additional 9.9% stake in U.K. payments company Earthport PLC.

Visa bought 64,606,164 Earthport shares from the market at 37 pence each. It also received irrevocable undertakings from certain Earthport shareholders to acquire 108,772,265 additional shares, or 16.67% of Earthport. This gives Visa irrevocable undertakings to accept the offer for Earthport of 173,378,429 shares, or approximately 26.57%.

Additionally, Visa extended its offer to take over Earthport to April 30 after Mastercard Inc.'s rival offer lapsed. The U.S. company offered to pay 30 pence per Earthport share.

As of March 12, Visa said it has received valid acceptances for 267,738,249 Earthport shares of approximately 41.02% of the company's issued ordinary share capital.