SOLNA, Sweden--(BUSINESS WIRE)--Catella (STO:CATA) (STO:CATB)
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 well as preferred stock in Visa Inc. worth an estimated approximately EUR 5.9 million. In addition, the acquisition includes an anticipated further consideration of approximately EUR 1.5 million, which is expected to be paid in cash in approximately three years.
Catella AB (publ) is required to publish this information pursuant to the Securities Markets Act (SFS 2007:528), the Financial Instruments Trading Act (SFS 1991:980), and/or Nasdaq Stockholm’s rules for issuers. The information was submitted for publication on 22 June 2016 at 08:00.
About Catella: Catella is a financial advisor and asset manager with in-depth knowledge of property, fixed income and equities. Catella is a leader in the property sector, with a strong local presence in Europe, and employs more than 500 professionals in 12 countries. Catella is listed on First North Premier on Nasdaq Stockholm. Read more at catella.se (http://www.catella.se/).
This information was brought to you by Cision http://news.cision.com