Global Payments buys the remaining stake in joint venture with HSBC

June 12, 2009 - 10:06am | News | Payment systems |

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Global Payments buys the remaining stake in joint venture with HSBC

Global Payments, online credit card transactions provider, announced today about the acquisition of the remaining stake in its British joint venture with HSBC Bank Plc. The deal expected to be added to its fiscal 2010 results.

Year ago Global Payments paid HSBC $439 million for a 51% majority stake in the joint venture to expand and provide payment processing services to UK merchants.

Global Payments stocks closed Thursday at $37.45on the New York Stock Exchange.

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Tags keywords: Global payments | Great Britain | HSBC | New York Stock Exchange | online payments | stake

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