Credit and debit card firm is owned by thousands of lenders and deal valuing it at €21.2bn will prove profitable for main banks such as Barclays and LloydsThe UK’s tall street banks are each in line for multimillion-pound windfalls from the sale of Visa Europe in a deal valuing the credit and debit card company at €21.2bn (£15bn).
Owned by thousands of lenders,Visa Europe is being sold to its one-time sister company, Visa Inc, or which was floated on the US stock market in 2008. The UK’s main banks could receive up to £1bn between them. Related: Stolen credit card details available for £1 each online Continue reading...
Source: theguardian.com