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Stockreport

Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros [Yahoo! Finance]

PayPal Holdings, Inc. (PYPL)  More Company Research Source: Yahoo! Finance
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
?administrations, to the state mint and to state-backed postal ?group Poste Italiane for up to 500 million euros ($586 million), the mint said ?on Friday. The deal has raised concerns among Italian banks in recent months, as it could boost competition for smaller lenders already struggling to keep pace with rapid changes in the payments sector. The 500-million-euro valuation ?includes variable components and ?future payments, the mint said, without giving further details. Sources previously told Reuters that lenders had voiced concerns ?to the Treasury that Poste could use PagoPA to strengthen its position in digital payments, where it already has a significant presence, competing directly ?with banks. In a bid to address the concerns raised by ?the banks but also by Italy's antitrust authority, the deal hands 51% of PagoPA to the mint, while Milan-listed Poste will own the remaining 49%. Banks are also facing growing competition on payments from global tech players such as [Read more]
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Stockreport

Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros [Yahoo! Finance]

PayPal Holdings, Inc.  (PYPL) 
More Company Research Source: Yahoo! Finance
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
?administrations, to the state mint and to state-backed postal ?group Poste Italiane for up to 500 million euros ($586 million), the mint said ?on Friday. The deal has raised concerns among Italian banks in recent months, as it could boost competition for smaller lenders already struggling to keep pace with rapid changes in the payments sector. The 500-million-euro valuation ?includes variable components and ?future payments, the mint said, without giving further details. Sources previously told Reuters that lenders had voiced concerns ?to the Treasury that Poste could use PagoPA to strengthen its position in digital payments, where it already has a significant presence, competing directly ?with banks. In a bid to address the concerns raised by ?the banks but also by Italy's antitrust authority, the deal hands 51% of PagoPA to the mint, while Milan-listed Poste will own the remaining 49%. Banks are also facing growing competition on payments from global tech players such as [Read more]
IMPACT SNAPSHOT
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PYPL
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Price Change %
Volume Shares
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS