Confirmed non-recurring revenue for Catella following acquisition of Visa Europe by Visa Inc.
Visa Inc. has obtained the necessary approval for the acquisition of Visa Europe and has therefore completed the transaction. As previously announced, Catella Bank S.A., which is a wholly owned subsidiary of the Catella Group will, through its membership of Visa Europe, receive part of the consideration for the acquisition.As previously communicated, the transaction consists of a consideration comprising different components: upfront cash, preferred stock in Visa Inc., and an anticipated further cash payment. Catella has received an upfront settlement of approximately EUR 17.9 million as