Financials, Consumer Staples Jun 24, 2021 03:30 PM (GMT+8)
U.S. payment giant visa Group announced on Thursday that it will sign an agreement to acquire European open banking platform tink for 1.8 billion euros. The company said 1.8 billion euros, including cash and retention incentives, will retain its brand and management team after the acquisition, and its headquarters will remain in Stockholm, Sweden. The transaction will be funded by its available cash and will not affect its previously announced share repurchase plan or dividend policy.
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