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Stock Market & Financial Investment News

News Breaks
January 8, 2013
16:18 EDTGPNGlobal Payments reaffirms FY13 revenue view $2.36B-$2.4B, consensus $2.38B
Represents 7%-9% growth over FY12.
News For GPN From The Last 14 Days
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July 27, 2015
08:39 EDTGPNGlobal Payments, Caixa, Erste to form joint venture
Global Payments (GPN), CaixaBank (CAIXY), and Erste Group Bank (EBKDY) announced an agreement to form a joint venture to provide merchant acquiring and payment services in three core locations in Central and Eastern Europe: Czech Republic, Slovakia and Romania. Global Payments and CaixaBank will pay EUR30M in cash to acquire a 51% majority ownership in the venture. Erste Group will contribute its existing merchant acquiring businesses in each of the three countries to the joint venture and will hold a 49% interest. The transaction is expected to close in the second half of fiscal 2016, subject to receipt of regulatory approvals and satisfaction of customary closing conditions. Global Payments does not expect the joint venture to have a material impact on the company’s fiscal 2016 cash earnings per share or capital plans. Global Payments will provide additional financial information about the joint venture upon closing.

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