UPDATE 1-Visa to buy Visa Europe in deal worth up to 21.2 bln euros

November 2, 2015 11:26 AM

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Nov 2 (Reuters) - Visa Inc said on Monday it would acquire former subsidiary Visa Europe for 16.5 billion euros ($18.19 billion), with the potential for an additional payment of up to 4.7 billion euros.

The upfront payment comprises 11.5 billion euros in cash and preferred stock convertible into Visa Inc class A common stock valued at 5 billion euros.

Also read: Consolidated Communications to buy FairPoint in $1.5 billion deal

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