UPDATE 3-Visa to buy Visa Europe in deal worth up to 21.2 bln euros

November 2, 2015 1:50 PM

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* Visa shares down 2.7 pct premarket (Adds analyst, Lloyds Banking Group comments; updates shares)

Nov 2 (Reuters) - Visa Inc said on Monday it would buy former subsidiary Visa Europe Ltd in a deal valued at up to 21.2 billion euros ($23.34 billion), putting the company in a stronger position to compete with MasterCard Inc in Europe.

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

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