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Closing of Visa Takeover Brings EUR 97 Million Pre-Tax Profit to RBI
The expected pretax profit from the cash payment of the transaction will be EUR 97 million. It should be booked under net income from financial investments in the second quarter of 2016. Visa Inc. had announced the takeover of Visa Europe Ltd. in November of 2015. The cash payment of this one-off effect will be split between Slovakia, Romania, Czech Republic, Poland, the RBI head office, Croatia, Bulgaria, Hungary and Zuno.
Visa Inc. to Acquire Visa Europe / Picture: © Visa Inc.
In November 2015 Visa Inc. announced the takeover of Visa Europe Ltd. Now all regulatory approvals have been obtained. Earlier Visa Europe Ltd. Was owned by its direct members, including 9 units within the RBI concern.
The closing of the takeover of Visa Europe Ltd. by Visa Inc. should take place in the second quarter of 2016.
All regulatory approvals are in…
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