Euronet Worldwide Inc logo

EEFT - Euronet Worldwide Inc News Story

$141.75 2.8  2.0%

Last Trade - 9:00pm

Sector
Industrials
Size
Large Cap
Market Cap £5.28bn
Enterprise Value £5.04bn
Revenue £1.84bn
Position in Universe 1127th / 6854

BUZZ-Euronet Worldwide: To buy merchant acquiring business in Greece, shares slip

Tue 16th March, 2021 6:08pm
** Shares in electronic payments provider  EEFT.O  down ~3%
at $153.86 in afternoon trade
    ** Euronet Worldwide to purchase merchant acquiring business
of Piraeus Bank in Greece  urn:newsml:reuters.com:*:nGNE2qTBfL
    ** EEFT to pay about $360 mln, for segment's acquiring
services and assets
    ** Following completion of deal, Euronet will act as Piraeus
Bank's exclusive long-term partner for provision of merchant
acquiring services to Piraeus Bank customers
    ** The in-store acquiring business represents about 20% of
Greece's market while bank's online merchant acquiring
represents ~40% of online and digital transactions in country
    ** EEFT shares up 5.7% so far this year

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))
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