Sabadell in talks with Worldline, Nexi and Fiserv for payments deal -sources [Financial Post (Toronto, Ontario, Canada)]
Fiserv, Inc. (FISV)
Last fiserv, inc. earnings: 2/4 04:01 pm
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Source: Financial Post
arm, with a deal valued at up to 400 million euros ($394 million), three sources said. Sabadell received the non-binding offers last week and is expected to shortlist a group of final bidders in early October, the sources said, speaking on condition of anonymity. The Spanish lender will review the offers at a board meeting in late September and then move to the final stages of the auction, allowing bidders to carry out due diligence on the unit, the sources said. Worldline, Nexi and Fiserv declined to comment. Sabadell, which declined to comment on the names or offers, confirmed on Thursday evening in a statement it “is in the process of analyzing a possible strategic agreement with an industrial partner specializing in the bank's acquisition business (payments unit).” The sale, which is being handled by Barclays, has only addressed industry players including U.S. giant PayPal and rival firms Fidelity National Information Services Inc (FIS) and Network International, while p
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