Mastercard to buy European payments company Nets for $3.19 billion

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FILE PHOTO: Mastercard Inc. credit cards are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

(Reuters) – Payments processor Mastercard Inc (MA.N) on Tuesday said it would buy a majority of the corporate services businesses of European payments company Nets for about $3.19 billion.

The deal is expected to close in the first half of 2020, the company said in a statement.

Reporting by Bharath Manjesh in Bengaluru



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